Africa: AUC Deputy Chairperson Reaffirmed the AU's Commitment to Building an Integrated, Prosperous, and Financially Sovereign Africa

26 May 2026
African Union (Addis Ababa)

Kicking off the 61st #AfDBAM2026 in Brazzaville, H.E. Amb. Selma Malika Haddadi, AUC Deputy Chairperson, representing H.E. Chairperson Mahmoud Ali Youssouf, reaffirmed the AU's commitment to building an integrated, prosperous, and financially sovereign Africa.

As H.E DCP stated: "We gather at a defining moment." This year's theme - Mobilizing Africa's Development Financing at Scale in a Fragmented World - is not merely timely. It is an imperative.

The African Union has just launched its own African Credit Rating Agency (#AfCRA) - a historic step to correct decades of structural bias in global credit assessments.

The African Union is equally advancing the operationalization of AU Financial Institutions, with the African Monetary Institute as a precursor to the African Central Bank - while leading the Common African Position on Debt and scaling up domestic capital, pension funds, diaspora bonds, and green bonds.

Africa stands at a crossroads. Our potential is unmatched. Now is the time to mobilize and build this legacy - together. Let us leave the beautiful city of Brazzaville with a renewed commitment to mobilize Africa's development finance at scale, as an imperative.

#Agenda2063 #AfDB2026

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