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Originally published by Capital Business
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business
November 30, 2025
4h ago

Africa told to cut aid dependence at AERC Summit

Africa told to cut aid dependence at AERC Summit

NAIROBI, Kenya, Nov 30 - African governments must urgently shift away from donor-dependent development models and build stronger domestic financing Kenya breaking news | Kenya news today |..

✨ Key Highlights

African nations are urged to reduce their dependence on foreign aid and strengthen domestic financing at the AERC Research and Policy Summit in Nairobi. Economists and policymakers emphasized the need for a shift away from donor-dependent development models to foster economic independence and resilience.

  • National Treasury Cabinet Secretary John Mbadi stated that Africa's development should not rely on external goodwill.
  • The African Economic Research Consortium (AERC) launched the African Private Sector Platform (APSP) to integrate industry players into policy discussions and expand development financing beyond governments and donors.
  • The three-day summit is addressing macroeconomic challenges, policy coordination, and structural reforms to build long-term economic resilience across East, West, and Southern Africa.

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