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November 11, 2025
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Ex-Afdb boss calls for a new era of strong African institutions at 9th Babacar Ndiaye Lecture

Ex-Afdb boss calls for a new era of strong African institutions at 9th Babacar Ndiaye Lecture

Reflecting on global power shifts, Kaberuka pointed to the return of mercantilism; rising narrow national interests; the end of the aid era; weakened global institutions; and the erosion of multilateralism as the five trends that are reshaping the global economy. - Kenya breaking..

✨ Key Highlights

During the 9th Babacar Ndiaye Lecture, former President of the African Development Bank (AfDB), Donald Kaberuka, urged African nations to develop strong, integrated institutions to secure their future amidst a fractured global landscape.

  • Kaberuka identified five trends reshaping the global economy: the return of mercantilism, rising national interests, the end of the aid era, weakened global institutions, and the erosion of multilateralism.
  • He emphasized an ecosystem approach, where institutions across sectors—finance, trade, peace and security, health, and governance—function in coordinated harmony.
  • Kaberuka commended the Africa Export-Import Bank (Afreximbank) for supporting initiatives like the African Continental Free Trade Area (AfCFTA) and the Africa Centres for Disease Control and Prevention (Africa CDC).

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