Emphasis on Domestic Financing for Africa's Infrastructure Development

TLDR

• The participants said African countries should deepen regional integration by fully implementing the African Continental Free Trade Area (AfCFTA), advancing the African Union’s Agenda 2063 and investing in cross-border.
• The call was made during a panel discussion held on the sidelines of the Africa50 Annual General Shareholders Meeting and the Africa Infrastructure Forum, where participants stressed that Africa’s infrastructure.
• DAR ES SALAAM: DEVELOPMENT stakeholders have called on African countries to measure the success of regional cooperation by tangible benefits delivered to citizens rather than the number of agreements signed.
• They said substantial investment in manufacturing, infrastructure and domestic sources of finance would be critical to expanding production capacity and improving the competitiveness of African products in the single.
• The participants stressed that Africa’s infrastructure ambitions would only be realised if the continent reduced its reliance on external financing and increasingly funded its development through domestic resources and.