Africa Long Term Finance Initiative (ALTFI)
Long-term finance (LTF) relates to funding to support productive medium- and long-term investments by enterprises, households, and governments. Long-term investment is crucial to foster productivity growth, economic diversification and Africa strcutural transformation by financing infrastructure such as power, water & sanitation, roads, and social infrastructure. Long-term capital offers the opportunity to small, medium and large firms to expand their productive capacity while allowing financing sources for construction and housing markets in light of continuing urbanization.
The Africa Long-Term Finance Initiative (ALTFI) is a joint initiative of the African Development Bank (AfDB), the Financial Sector Deepening Trust for Africa (FSDA), the German Cooperation (BMZ, implemented by GIZ), and the Making Finance Work for Africa (MFW4A) Partnership. Launched in 2017, the initiative is hosted at the AfDB in Abidjan, Côte d’Ivoire, and governed by a Steering Committee chaired by the AfDB’s Finance Vice President.