Q&A: As Debt Surges, Equity Group’s Mwangi Says It’s Time for African Governments to Hand Development Projects to Private Sector James Mwangi calls for Africa to pass development to the private sector—and breaks down how AI, East Africa, and the DRC is driving Equity Group’s next big growth wave.

In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on development projects,” arguing that sustainable growth will increasingly depend on private-sector investment rather than public expenditure. Speaking at the B20 Summit Fireside Chat in Johannesburg, Mwangi outlined Equity Group’s Pan-African ambitions—including expansion into 15 countries by 2030—and affirmed that all the Group’s subsidiaries are now “fairly profitable,” positioning the lender for its next phase of continental growth. Mwangi’s insights came during a high-level conversation on Bridging Priorities: Cooperation, Innovation, and…