Africa is committed to accelerate the establishment of its own financial institutions to address the existing challenges of the current global financial architecture that does not favor Africa’s transformation and development needs. 🏦The push for 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 is expected to improve Africa’s access to capital, impartial debt management mechanisms, and fair credit and risk assessments. There is an urgent need to establish the African Union Financial Institutions (AUFIs) that include: ▪️African Central Bank ▪️The African Monetary Fund ▪️The African Investment Bank ▪️ The Pan-African Stock Exchange. 📈 The institutions will place Africa in a stronger position in the global financial architecture. 📽️Explainer
Africa is committed to accelerate the establishment of its own financial institutions to address the existing challenges of the current global financial architecture that does not favor Africa’s transformation and development needs. 🏦The push for 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 is expected to improve Africa’s access to capital, impartial debt management mechanisms, and fair credit and risk assessments. There is an urgent need to establish the African Union Financial Institutions (AUFIs) that include: ▪️African Central Bank ▪️The African Monetary Fund ▪️The African Investment Bank ▪️ The Pan-African Stock Exchange. 📈 The institutions will place Africa in a stronger position in the global financial architecture. 📽️Explainer
CEO
3moLofty ideas ! But, Africa must first of all, know herself and the Africans must have that inner mindset of unity in diversity. We will face a barrage of counter-currents that will torpedo our ship. Are we prepared for that? Are we ready to be disciplined? Our sacrifice must be massive and collective. African Unity is still not yet achieved. Let us make AfCFTA work, first.