Business
Africa Seals $500B Mega-Convergence Pact to Redefine Its Economic Future
The Future Trends Mega Convergence Initiative Binding Agreement was signed today at the Africa Economic Summit 2025, held from November 4 to 5 at Mana Resort, uniting 15 parties in a $500 billion push to reshape the continent’s economy.
Seven country-cluster coordinators and seven project owners inked the deal in the presence of Future Trends Chairman Dr Farzam Kamalabadi.
Dr Alison Chiwara of the Africa Economic Summit Group served as a witness.
The pact bundles nearly 400 projects across mining, industrial clusters, logistics, energy, finance, and banking.
Organisers say the scale—50 times that of the Lobito Corridor—will attract global capital and accelerate growth.
“This is the largest collection of projects and operators in Africa under one roof,” Dr Kamalabadi said.
“With its packaged system, we expect a surge of investment, pushing Africa toward a $60 trillion economy within a decade.”
The initiative stems from the Future Trends Africa Manifesto, which promotes coordinated development.
The Africa Economic Summit Group will oversee implementation.
Leaders called the ceremony a turning point for continental cooperation.