Parsons' review of the Africa Finance Corporation's State of Africa's Infrastructure Report 2026 finds that Africa's development bottleneck is deployment, not capital availability, with over $4.5 trillion in domestic capital still concentrated in low risk government instruments rather than infrastructure. As external financing continues to decline, the piece argues that building intermediation architecture, through sovereign wealth funds, guarantees and blended finance, is fundamentally a legal task. It also highlights energy as a systemic constraint, pointing to transmission investment, cross border power trade and hydropower rehabilitation as areas where legal and regulatory structuring will determine whether capital gets deployed.