Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

African countries must increasingly rely on their own resources and institutions to drive development as international aid continues to decline, the International Monetary Fund (IMF) has advised. According to the IMF, the era of predictable and abundant foreign aid was gradually fading, making it imperative for governments across the continent to strengthen domestic revenue mobilisation,…

Read More
Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa: Ruto Urges Africa to Mobilise Domestic Capital, Warns Foreign Funding Delays Infrastructure Projects

Nairobi — President William Ruto has urged African countries to mobilise domestic capital to finance infrastructure development, warning that continued reliance on foreign funding is slowing down progress and undermining the continent’s long-term development agenda. Speaking during the opening of the Africa We Build Summit in Nairobi, Ruto said Africa’s development ambitions risk remaining unfulfilled…

Read More
Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa: President Ruto Urges Africa to Tap Domestic Capital for Infrastructure Development

Nairobi — President William Ruto has called on African nations to mobilise their own financial resources to fund critical infrastructure, warning that overreliance on foreign capital is slowing the continent’s development ambitions. Speaking during the opening of the The Africa We Build Summit 2026 in Nairobi, the President said Africa must take control of its…

Read More
Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa: Nigeria’s Domestic Passengers Hit 10m in 2025, Behind South Africa’s 28m

The Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has hailed Nigeria’s rising aviation profile following strong performance indicators across key airports, as the ACI Africa Regional Conference & Exhibition concluded in Luanda. Speaking at the closing ceremony of the conference, which brought together aviation stakeholders from across…

Read More
Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa: Nigeria Now Africa’s 2nd Largest Domestic Aviation Market, Records 10 Percent Growth – FAAN

The managing director and chief executive of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has disclosed that Nigeria emerged as the second-largest domestic passenger market in Africa, recording over 10.5 million passengers and a 10 per cent year-on-year growth. Kuku made this known during her closing address at the ACI Africa Regional Conference…

Read More
Africa Must Look Within Domestic Economy for Development Financing … As Aid Dwindles – IMF

Africa: Smart Aid Still Matters As Africa Ramps Up Domestic Health Financing

Nairobi — As donor funding for Africa’s flagship health programmes declines, African leaders are pushing for greater self-reliance anchored in domestic resource mobilisation, even as they stress that targeted external support remains critical. At the Africa Health Systems Forum hosted by Strathmore Business School’s PRISM Centre with support from the Bill & Melinda Gates Foundation,…

Read More