African Leaders Urged To Seek Alternative Funding Sources

African leaders have been urged to look internally for funding opportunities that will help fuel the continent's development drive. Speaking at the 38th African Union Summit in Addis Ababa, the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, said leaders must "reduce their appetite for borrowing".

Her statement aligns with growing calls for leaders in the region to recognize the continent's immense potential and take steps that "reshape global order", using Africa's "abundant natural resources and dyanamic youthful population". Analysts have also called for the forging of new partnerships, including with China, in order to address pressing needs.

This year's meeting had as its theme, Justice For Africans and People of African Descent Through Reparations.

The gathering  elected the new chairperson of the African Union Commission from candidates hailing from Kenya, Djibouti, and Madagascar. Former Kenyan Prime Minister Raila Odinga's campaign for leadership was unsuccessful.

AU Summit focuses on reforms, free trade area.

InFocus

AllAfrica publishes around 500 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.