Africa holds abundant private savings, but much of it remains informal. As a result, its contribution to development financing is limited.
Researcher Florian Léon is one of the authors of a recent report on the potential of the “Caisse de dépôt” model – a financial management framework designed for long-term investment that bridges the gap between public funds and economic development. We asked him how this kind of public savings and investment fund could capture and channel these resources into productive investment, alongside development banks.
He outlines the institutional barriers, the reforms needed, and the paths forward for mobilising both local and diaspora savings.
