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    • News
    • Devex @ World Bank-IMF 2025

    From aid to investment: Reshaping Africa’s path to growth

    A shift from aid to investment will require stronger institutions, better-prepared projects, and renewed focus on local capacity, African leaders said at Devex Impact House on the sidelines of the World Bank-IMF annual meetings.

    By Ayenat Mersie // 21 October 2025

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    Africa’s long reliance on foreign aid has come at the expense of its own industrial and human capital development — and a shift toward investment and self-reliance is urgently needed, according to policymakers and development leaders speaking at a Devex Impact House event last week.

    The discussion on the sidelines of the World Bank-International Monetary Fund annual meetings explored how African governments and their partners can move from short-term aid models to investment-driven growth that builds local expertise, strengthens governance, and connects projects with finance.

    Africa’s dependence on aid has come at a steep cost to its own development, said Hippolyte Fofack, former chief economist at the African Export-Import Bank.

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    Read more:

    ► AGOA, the Lobito corridor, and the future of US-Africa engagement (Pro)

    ► The investment shift that could reshape African health care

    ► Inside the United States’ new ‘trade, not aid’ strategy in Africa (Pro)

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    About the author

    • Ayenat Mersie

      Ayenat Mersie

      Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.

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