CAMBRIDGE – With Africa facing a $2.8 trillion financing gap for climate action alone by 2030, one might assume that the continent’s funding problem boils down to a shortage of capital. But this and other funding gaps could be covered by the hundreds of billions of dollars managed by African institutional investors, as well as the trillions of dollars searching for yield globally, were it not for the continent’s fragmented investment landscape. Unlocking this capital will require a shift from a model of simple lending to one of sophisticated leverage. Most development-finance institutions were designed primarily as lenders: they process projects, disburse loans, and measure success in terms of the dollars deployed. That model remains essential. But it is not enough to meet Africa’s development needs. To attract the capital it requires, Africa must be able to offer investors structured, repeatable, risk-adjusted opportunities. But in a landscape where investment projects are often bespoke, financing pipelines are opaque, documentation is inconsistent, and exit pathways are uncle