{"id":5396,"date":"2026-05-14T09:30:58","date_gmt":"2026-05-14T09:30:58","guid":{"rendered":"https:\/\/www.powershiftafrica.org\/in-the-news\/africa-forward-summit-what-declaration-on-finance-means-for-the-continent"},"modified":"2026-10-28T09:04:27","modified_gmt":"2026-10-28T09:04:27","slug":"africa-forward-summit-what-declaration-on-finance-means-for-the-continent","status":"publish","type":"post","link":"https:\/\/powershiftafrica.org\/fr\/in-the-news\/africa-forward-summit-what-declaration-on-finance-means-for-the-continent\/","title":{"rendered":"Africa Forward Summit: What declaration on finance means for the continent"},"content":{"rendered":"

\"
Kenya\u2019s president William Ruto and his French counterpart Emmanuel Macron at the Africa Forward Summit in Nairobi. | NYT<\/figcaption><\/figure><\/p>\n\n\n\n

The much-anticipated Africa-Forward Summit in Nairobi, Kenya, ended on Tuesday with an 11-point declaration. The hosts, Kenya and France, say the Nairobi Declaration will serve as the \u2018\u2018framework for a strengthened Africa-France partnership to advance inclusive growth and innovation.\u2018\u2018<\/p>\n\n\n\n

Power Shift Africa\u2019s Saada Mohamed analyses some of the progressive outcomes on finance.<\/p>\n\n\n\n

\u2018\u2018The Nairobi Declaration\u00a0represents an opportunity for Africa\u00a0to redefine its role in the global order to move from dependency to autonomy and leadership,\u2019\u2019 Ms Mohamed says.<\/p>\n\n\n\n

The partnership, she notes, aims to correct historical imbalances in global finance governance through 3 key priority areas.<\/p>\n\n\n\n

Reforms in the International Financial Architecture<\/strong><\/p>\n\n\n\n

The declaration amplifies the continent\u2019s longstanding efforts to address historical imbalances in global finance governance to reflect Africa\u2019s current fiscal and macroeconomic realities.<\/p>\n\n\n\n

\u2018\u2018Reviewing the International Monetary Fund\u2019s and World Bank\u2019s governance structure, for instance, will ensure stronger\u00a0representation of African interests, needs, and priorities in influencing decision-making on the needed reforms,\u2019\u2019<\/p>\n\n\n\n

\"<\/figure>\n\n\n\n

She argues that these reforms are important to \u2018\u2018align international flows with Africa\u2019s sustainable development agenda\u2019\u2019 and to support the continent\u2019s industrialisation and green transition.<\/p>\n\n\n\n

\u2018\u2018Additionally, the reforms will accelerate debt restructuring and sustainability mechanisms to unlock affordable finance and expand Africa\u2019s fiscal space for development and climate investments,\u2019\u2019 Ms Mohamed argues.<\/p>\n\n\n\n

Global Tax Integrity and Transparency<\/strong><\/p>\n\n\n\n

For years, Africa has been demanding a fairer and more inclusive global tax system. Through the Nairobi Declaration, the France-Africa partnership strengthens Africa\u2019s calls for these reforms.<\/p>\n\n\n\n

\u2018\u2018This is essential to improve Africa\u2019s financial sovereignty and protect its resources from tax evasion, profit shifting, and illicit financial flows.\u2019\u2019<\/p>\n\n\n\n

Strengthening Domestic Resource Mobilisation and Institutional Capacity in Africa\u00a0<\/strong><\/p>\n\n\n\n

\u2018\u2018The declaration reaffirms that Africa\u2019s self-resilience depends on its ability to generate revenue and commits to enhancing Africa\u2019s\u00a0financial\u00a0ecosystem.<\/p>\n\n\n\n

Consequently, the summit supports the creation of a \u201cNew African Financial Architecture\u2019\u2019 while calling for increased\u00a0synergy\u00a0between the African Development Bank and other regional partners to\u00a0enhance\u00a0the continent\u2019s own resources\u00a0and\u00a0regional ownership of financial solutions.<\/p>\n\n\n\n

\"<\/figure>\n\n\n\n

\u2018\u2018If done and done right, this could improve Africa\u2019s risk profile through guarantees and de-risking mechanisms and ultimately lower the cost of capital, unlock investments, and scale mobilisation of Africa\u2019s resources,\u2019\u2019 Ms Mohamed says.<\/p>\n\n\n\n

The France-Africa partnership represents a stepping stone for Africa to advance its priorities into the G7 agenda, particularly on global finance and debt reforms, green growth, and sustainable development.<\/p>\n\n\n\n

The successful inclusion of Africa\u2019s priorities at the G7 will elevate the continent\u2019s position as a co-architect of solutions to improve global finance governance.<\/p>","protected":false},"excerpt":{"rendered":"

The declaration of the Africa Forward Summit represents a strategic opportunity for the continent to redefine its role in the global order, to move away from dependency to strategic autonomy and leadership. This piece explains what the summit\u2019s outcome on finance means for Africa in efforts to correct historical imbalances in global finance governance.<\/p>","protected":false},"author":45,"featured_media":5397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[21],"tags":[26],"topic":[],"class_list":["post-5396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news","tag-climate-finance"],"acf":{"url":""},"_links":{"self":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/comments?post=5396"}],"version-history":[{"count":2,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5396\/revisions"}],"predecessor-version":[{"id":9492,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/posts\/5396\/revisions\/9492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/media\/5397"}],"wp:attachment":[{"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/media?parent=5396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/categories?post=5396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/tags?post=5396"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/powershiftafrica.org\/fr\/wp-json\/wp\/v2\/topic?post=5396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}