Ruto: Africa must finance its own development
Election
Originally published by KBC Digital — Read the original article →
Africa must take greater responsibility for financing its development by strengthening its own financial institutions, President William Ruto has said.
The President urged African States to show confidence in African institutions, saying they have already demonstrated their capacity by financing Africa’s trade, insuring the continent’s risks and standing with African States when others stepped back.
He called on African governments to place more of their reserves with African institutions, channel development projects through them and back their bonds and guarantees.
