Africa’s Financial Sovereignty Gains Ground as Local Assets Near $1 Trillion
Africa’s Financial Sovereignty Gains Ground as Local Assets Near $1 Trillion
"I hold a firm belief that no one can develop Africa but Africans […] This shift represents a quiet form of financial decolonization. As African pension funds, sovereign wealth funds, and other domestic assets are controlled by Africans. I think it helps us fashion our own destiny."
Across the continent, a quiet financial shift is underway. African institutions are now managing close to one trillion dollars in assets locally, a development that is reshaping conversations around sovereignty and development.
#GlobalSouthPole speaks with economist Prof. Evans Akwasi Gyasi on what this milestone means for Africa’s financial sovereignty, why managing assets locally matters, and how these resources could be invested to support infrastructure, industry, and resilience against global shocks.
The episode also examines whether this moment signals a form of financial decolonization, how domestic capital markets are evolving, and what Africa must get right to turn asset control into real economic transformation.
Listen to the full conversation on:
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