Coronation Capital advises African entities on funding local projects
By Taiye Olayemi
Coronation Capital Ltd. on Saturday advised African entities to prioritise funding African projects for sustainable growth.
Its Managing Partner, Kayode Akindele, made the call while speaking with the News Agency of Nigeria in Lagos.
Akindele said that this was necessary as a result of overdependence on developmental money, which is not sustainable.
He emphasised the need for African-led funding to drive long-term progress, reducing dependence on external sources.
He said by supporting African projects, entities can foster economic independence, promote local innovation, and address specific regional needs.
“There has been an overdependence on developmental money; that isn’t sustainable.
“If Africa must set the agenda and ensure long-term progress, African entities need to fund African priorities.
“Family offices, in particular, must become strategic allocators, not just silent participants.
“We’re proud to stand with AVCA in pushing this narrative forward.”
Akindele said that to deepen conversation on this, Coronation Capital, in partnership with Trium, subsidiaries of Coronation Group Ltd., sponsored the 2025 African Private Capital Association (AVCA) Conference in Lagos.
He said the conference explored key themes such as the evolving role of family offices, climate-smart investing, infrastructure financing, and pathways to deepen institutional participation in Africa’s growth journey.
He noted that the sponsorship was a demonstration of the two companies’ commitment to driving Africa’s economic transformation through capital stewardship, innovation, and intergenerational financial strategies.
According to him, the conference, with the theme “Bold Moves: Powering 10x in Africa,” convened over 1,000 delegates from more than 50 countries across the private capital spectrum.
Also, Mr Adebayo Adewolu, Chief Executive Officer of Trium, highlighted the importance of context-specific investment vehicles led by African institutions.
Adewolu said, “Africa needs capital that understands its rhythm; it must be patient, strategic, and committed.
“The just concluded AVCA created a space where investment vision meets local insight.” (NAN) (www.nannews.ng)
Edited by Olawunmu Ashafa
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