Africa should use more of its own capital to build its future
Africa is encouraged to utilize its own capital for development rather than relying on foreign investments. The continent has significant financial resources, yet much of it is invested abroad due to concerns over risk and inadequate financial infrastructure. Strengthening domestic financial markets and governance is essential for mobilizing these resources effectively.
- ▪Africa's central bank reserves reached approximately $530 billion in 2025.
- ▪The continent's non-bank domestic capital pools exceed $2 trillion, surpassing external financial flows.
- ▪Former Ghanaian president Nana Addo Dankwa Akufo-Addo proposed redirecting 30% of African sovereign reserves to local institutions.
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Opinion / 3 June 2026 Africa should use more of its own capital to build its future By Anthony Ohemeng-Boamah Facebook X Email LinkedIn WhatsApp The case for directing more capital through the African Development Bank is equally strong. But the agenda cannot end with two institutions. Africa also needs deeper stock exchanges and bond markets and better links between them, so that domestic capital can move more efficiently, transparently and across borders. File Photo { "@context": "https://schema.org", "@type": "ImageObject", "url": "https://mg.co.za/wp-content/uploads/2026/06/african-dev-bank.jpg", "width": 1000, "height": 525 } Africa’s development debate is too often framed as a search for money from elsewhere. The frame is outdated.
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