At the Cambridge Africa Together Conference 2026, hosted at the Cambridge Union under the theme “Africa in the Age of Disruption,” I was pleased to participate in the expert panel on “Beyond Debt and Dependence: Africa’s Path to Development and Industrial Transformation.”
Africa is confronting a difficult financing reality: rising debt-service pressures, declining concessional flows, reduced official development assistance, and a changing global development finance architecture. But this moment must not be understood only as a crisis. It is also a moment of strategic choice.
For too long, Africa’s development has been shaped by external financing, external markets, and external definitions of value. The task before us is to move beyond dependence and build an economic model anchored in productive capacity, domestic resource mobilisation, regional integration, and industrial transformation.
We must strengthen African financial institutions. We must use sovereign capital more strategically. We must deepen domestic resource mobilisation. We must insist on value addition. And we must build institutions capable of turning ambition into implementation.
The disruption we face is real. But it can become a catalyst — if we choose agency over dependence, production over extraction, and transformation over survival.
Africa’s future will not be given to us. It must be built.