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African Union Commission (AUC) Chairperson called for urgent reforms to the global financial system to unlock Africa's full potential

African Union Commission (AUC) Chairperson called for urgent reforms to the global financial system to unlock Africa's full potential

Zawya01-07-2025
Delivering a keynote speech at the #FID4 event in Seville on 'Leveraging Private Business&Finance,' AU Commission Chairperson H.E. Mahmoud Ali Youssouf called for urgent reforms to the global financial system to unlock Africa's full potential. He emphasised that private business&finance are not merely complementary, but catalytic for inclusive growth, job creation, and the green transition.
He noted the African Continental Free Trade Area (AfCFTA) as a game-changer for the continent and urged greater support for MSMEs, sustainable finance,&foreign direct investment.
'Africa is young, resource-rich, and ready,' he concluded. 'Let's align capital with our development priorities and build a 21st-century financial architecture that works for all.'
Distributed by APO Group on behalf of African Union (AU).
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