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Originally published by Capital News

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April 23, 2026

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President Ruto Urges Africa to Tap Domestic Capital for Infrastructure Development

President Ruto Urges Africa to Tap Domestic Capital for Infrastructure Development

President Ruto warned that continued dependence on foreign capital risks undermining Africa’s long-term goals. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

President William Ruto has urged African nations to prioritize mobilising domestic capital for infrastructure development, cautioning that overreliance on foreign funding hinders the continent's progress.

President Ruto stated that Africa must take ownership of its development agenda by leveraging domestic capital to finance critical projects.
The call was made during the opening of the Africa We Build Summit 2026 in Nairobi, co-hosted by Kenya and the African Finance Corporation.
Kenya aims to raise funding worth KSh5 trillion ($40 billion) over the next decade through its National Infrastructure Fund and a proposed Sovereign Wealth Fund.

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