Nairobi — President William Ruto has called on African nations to take greater control of their development financing and reduce reliance on foreign aid and unsustainable borrowing, saying the continent must assert its rightful place in global decision-making. Speaking at the Africa Forward Summit on Tuesday, which brought together heads of state, including French President…
For decades, Africa’s place in the global economy was framed through the lens of aid,how much was given, where it went, and whether it made a difference. That narrative is steadily shifting. Across the continent, a more self-directed model is emerging, driven by trade, domestic resource mobilization, and investment. While the transition is uneven, the…
Relying solely on public funding or foreign aid is no longer sufficient to meet Africa’s growing needs, African ministers and investors have said, calling for more private investment to close the continent’s infrastructure gaps. They made the remarks during the Africa Investment Forum (AIF) on November 26, in Rabat, Morocco. ALSO READ: AfDB President urges…
