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Africa Asserts Bold Pivot From Aid to Equal Partnership

Africa is done with the outdated “donor-recipient” model, Kenya’s President William Ruto underscored at the G7 Summit in France.

The era of aid handouts, charity, or one-sided resource extraction is over, Ruto underscored at a session on fostering new partnerships, signaling the Global South’s rising determination to shape its own destiny.

The Kenyan leader highlighted how Africa has too often been viewed through a lens of need — its risks exaggerated and vast opportunities overlooked.

Taking direct aim at the global financial architecture, Ruto highlighted a stark injustice:

• economic growth on the continent continues to be hampered by unfair access to finance
• African nations face disproportionately high borrowing costs far exceeding peers despite solid fundamentals
• an outdated risk perception stalls projects and defers growth
• multilateral development banks’ resources fall short of the continent's soaring ...