President John Dramini Mahama has emphasized the need for African countries to mobilize domestic resources to reduce dependence on external financing and achieve sustainable growth.
He noted that Africa’s economic journey has demonstrated resilience despite numerous challenges, with projections indicating a recovery in growth to 3.7 per cent in 2024 and 4.03 per cent in 2025.
“This optimistic outlook highlights the inherent strength of our economies and the effectiveness of policy interventions,” President Mahama said.
President Mahama, who is the Champion on African Union Financial Institutions was delivering the keynote address at the Heads of State and Government breakfast dialogue held at the AU Commission headquarters in Addis Ababa, Ethiopia today (Sunday).
It was a side event of the AU Summit, and was held on the theme, Africa at the forefront: Mobilizing African Investment and Financing for Implementing Agenda 2063.
Hosted by President Mahama, it was held under the auspices of the Alliance of African Multilateral Financing Institutions, also called the African Club.
Present at the meeting were high level officials from various multilateral organizations within and outside the continent including the Chairperson of the Governing Council of the Alliance of African Multilateral Financing Institutions ( AAMFI), and President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, the Director General of the World Trade Organization (WTO), Dr Ngozi Okonjo Iweala.
Also present were the African Union High Representative for Financing of the Union and the Peace Fund, Dr Donald Kaberuku, the Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the AU, Ambassador Muchanga, among others.
