African states challenged over resource mobilisation
By Luke Oluoch, July 13, 2025EAC Secretary General Veronica Nduva has challenged African states to adopt the synergies of resource mobilisation as the continent grapples with limited resources to finance its development ambitions.
Speaking at a high-level roundtable convened by the African Union Development Agency-NEPAD, the official called for a unified, continent-wide resource mobilisation strategy to replace fragmented and duplicative efforts and to strengthen Africa’s resource coalition.
She emphasised the need for coordinated action to unlock large-scale financing capable of advancing the goals of Agenda 2063, Africa’s blueprint and master plan for transforming Africa into a global powerhouse of the future through inclusive and sustainable development.
“As the continent grapples with limited resources to finance its development ambitions, the EAC Secretary General, @SGNduva, has called for a unified, continent-wide resource mobilisation strategy to replace fragmented and duplicative efforts and to strengthen Africa’s resource coalition.
“She emphasized the need for coordinated action to unlock large-scale financing capable of advancing the goals of Agenda 2063,” a statement from the regional body said on Sunday, July 12, 2025.
Technology
The SG also advocated for blended finance, leveraging public, private, and philanthropic capital, and urged greater involvement of African philanthropists and the private sector in defining and deepening their contributions.
She also called for the adoption of austerity measures where necessary and underscored the importance of integrating technology into all efforts to strengthen planning, coordination, and implementation.
The function brought together the chairperson of the African Union Commission, Mahmoud Ali Youssouf; AU institutions; Regional Economic Communities (RECs); AU member state representatives; development partners; and other key stakeholders to deliberate on how to fast-track the realisation of Agenda 2063 through more effective and African-led resource mobilisation.
AUC chair sentiments
Echoing this call for transformation, AUC chair Youssouf stressed the urgency of moving away from donor dependency toward a model anchored in African ownership and strategic alignment with the continent’s priorities.
The SG’s comments come a day after President William Ruto gave a positive appraisal of the Kenyan economy.
Speaking on Saturday, July 12, 2025, he stated that his administration had successfully stabilised Kenya’s economy, lifting the country from the brink of a debt crisis and propelling it into the top six largest economies in Africa.
He added that the achievements had been reached despite the economic challenges his government inherited two years ago, noting that global financial analysts had predicted a bleak future for Kenya.
“Back then, my job was to unite the country and stabilise our nation’s economy. Many had listed Kenya among six African countries that were headed for economic collapse due to debt.”Ruto noted.
According to Ruto, five of the six countries that were flagged as at-risk by international agencies eventually fell into crisis. However, Kenya managed to avoid a similar fate, thanks to what he described as disciplined and strategic economic planning by his administration.