When pension executives, regulators and investors gathered in Kampala this month for the All-Africa Pensions Summit, the talking point was not another foreign aid package or a new donor facility. It was Africa’s own money – more than US$1.3 trillion in combined pension and sovereign wealth fund assets – and how much of it is still sitting in short-term instruments instead of building roads, power plants and hospitals. For Uganda, the host country, the moment felt symbolic. I
