在非洲大陆调动资金进行可持续投资，需要采用全新的风险、回报和跨金融生态系统协作模式。Nsiona Impact Ltd. 的创始人Alain Nsiona Defise出生于刚果民主共和国金沙萨，他凭借其非洲根基和二十余年在欧洲管理新兴市场企业债务的经验，阐述了为何本地化解决方案、长期布局以及跨金融生态系统的协作是释放非洲资本的关键。

您最近参加了在内罗毕举行的AVPA会议代表团。这次经历如何？给您留下最深刻印象的是什么？

我以非常开放的心态参加了这次会议，因为它超出了我通常的参与范围，感觉像是一次自我探索之旅。我非常高兴能够参与其中；这次经历无比丰富。作为代表团成员参会意义 非凡 ，不仅提升了我的知名度，也让我在短时间内建立了高质量的人脉，包括与团队成员之间建立的牢固纽带。会议安排了丰富多样的专题讨论、辩论、边会和实地考察，使讨论更加贴近当地实际情况，并通过分享在非洲大陆的经历，增添了浓厚的人文情怀。总而言之，这是一次非常全面的探索之旅。

What stood out most to me connects closely to my professional background. Working in a field that is currently facing significant headwinds, it was striking to see a growing recognition that Africa will not ODA itself to prosperity. Conversations were notably pragmatic, with a shared understanding that the status quo is no longer sufficient. I was particularly impressed by local initiatives, such as sessions on domestic financial markets and efforts to mobilise local capital through pension funds. These connections extended beyond the conference, leading me to attend and speak at Ghana Digital & Innovation Week shortly after. Finally, the ambition of projects like the Kenyan Energy Compact showcased by the Kenyan Ministry of Energy and UN Kenya, stood out, as did the continuity created through repeated engagement via the Building Bridges platform, from Geneva in October to Nairobi a month later.

从这次交流中，您获得了哪些重要的见解，尤其是在非洲的投资和影响方面？

对我而言，关键在于，对非洲的投资和影响必须从本土视角出发。从欧洲的角度来看，很容易低估当地的活力和发展水平。与其试图取代当地的努力，不如着重于补充和加强现有资源。.

This goes beyond simply allocating capital. At Nsiona Impact Ltd., we prioritise working alongside local initiatives and amplifying existing ecosystems, which I believe can bring a lot of success in the future. Practically for me, this means being more present on the continent and actively building bridges. Local actors are not always fully aware of the opportunities available to them internationally, so visibility and connectivity need to work in both directions.

凭借二十余年分析新兴市场的经验，我认为非洲在许多领域都未能充分发挥其潜力。我们在非洲面临的诸多挑战，例如货币波动，并非非洲独有，其他一些新兴地区也存在类似问题，而国际投资者在这些地区却乐于投资。 因此，非洲有机 会将自身定位为一个自信且积极进取的市场， 同时也要意识到自身面临的挑战。

您认为，有效引导资本流向非洲的主要挑战是什么？

挑战错综复杂。有些挑战客观存在且众所周知：货币波动、政治不稳定以及退出机制的困难。这些都是非洲大陆普遍存在的因素。然而，我认为还存在一种额外的风险认知，这种认知往往与实际情况不成比例。新兴市场投资者理应熟悉风险，但人们常常期望非洲投资者支付更高的成本，仅仅因为它是非洲。这种认知甚至可以量化：以非洲企业为例，对于信用评级为B级的企业，投资者通常需要支付高出150到200个基点的利率。 我认为，关键挑战在于弥合这种认知差距，尤其是在催化性融资和援助资金日益减少的情况下，这意味着我们需要改变投资方法和思维模式。

一个重要领域是私营部门参与者在国际资本市场，尤其是在债务方面的参与度日益提高。非洲发行人在这方面的代表性不足。 非洲需要更加大胆，尤其是在大型交易方面。我们需要与那些业务遍及多个国家、具有区域影响力的企业合作，这些企业已经开始意识到进入特定市场的必要性。

我认为另一个亟需改变的方面是消除法语非洲和英语非洲之间的隔阂和内部偏见。投资界常常受到南北文化或历史因素的影响，存在着偏袒一方或另一方的倾向，我认为这种现象必须消除。.

How valuable has your engagement with the Building Bridges Foundation been so far, including your participation in our annual conference?

My engagement with Building Bridges started around summer 2025. It is unbelievable the number, quality and diversity of connections that Building Bridges has facilitated for me, for example with the SDG Impact Finance Initiative, AHL Venture Partners or the Private Infrastructure Development Group. These connections span many areas that are highly relevant to my work, including infrastructure, private debt, and on-the-ground deal sourcing. Much of this was made available very spontaneously, which speaks to the strength of the network.

我尤其欣赏你们建立和发展初步联系的方式，希望这些联系最终能促成具体的成果，包括交易。我也很欣赏你们组织的活动，这些活动很好地平衡了小组内部的互动（让我们彼此了解）和协作式的头脑风暴，使我们能够共同思考解决方案，而不仅仅是建立人脉关系。你们组织的 非洲投资社区 至关重要。我非常重视你们对更广泛目标的关注以及对建立有意义联系的重视。对我而言，这种参与体现在日内瓦的会议和代表团，以及在非洲大陆举办的活动，还有你们为促进这些联系所做的持续努力中。

Looking ahead, how would you like to see financial flows into Africa evolve, and what role could the Building Bridges Africa Investment Community play in this?

我一直在思考流入非洲的资金流向，未来我希望看到国际资金和本地资金的融合。令人鼓舞的是，专注于非洲的私募债务基金正在涌现，我也很高兴看到本土基金的发展。 在构建交易的过程中，看到本地参与者和国际参与者携手合作，这非常棒。对我而言，这代表着理想的未来。

要实现这一点，需要一个更加发达且雄心勃勃的本地市场，愿意为本地机遇承担风险，同时也需要国际参与者的关注和积极参与。在我看来，这才是成功的秘诀。因为在新兴市场的信贷市场中，当本地和国际参与者良好结合时，长期稳定性会更强，而且随着国际投资者对风险的信心增强，溢价也会降低，从而带来更大的上涨潜力。而这种信心正是源于本地投资者带来的稳定性。.

总而言之：关键不在于流入非洲的资金，而在于流向非洲的资金。.

我们搭建桥梁故事系列

Building Bridges is more than just an event, it’s a space for meaningful collaboration, fresh perspectives, and lasting connections. Through our storytelling series, we highlight the personal experiences that shape each edition. If you have a story to share about your engagement with Building Bridges, whether it’s a key insight, a memorable moment, or the impact of the bridges built, we’d love to hear from you at community@buildingbridges.org.