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Originally published by The Standard BusinessApril 24, 2026
4h ago
Africa urged to plug leakages, mobilise local capital as global funding dries up
Africa has the capacity to mobilise $1.43 trillion from various domestic revenue sources and efficiency gains from better public finance management..
✨ Key Highlights
Africa is being urged to enhance its domestic resource mobilization and reduce financial leakages as global funding sources become increasingly scarce. This call comes amid concerns about the drying up of international financial support for the continent.
- The African Development Bank (AfDB) is central to this advocacy.
- Vice President Professor Kevin Urama emphasized the need for internal economic strengthening.
- The article highlights challenges in securing global capital, prompting a focus on local financial solutions.
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