Now Africa Experiences 'Historic Shift to Financial Sovereignty': Zim Market Expert

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Now Africa Experiences 'Historic Shift to Financial Sovereignty': Zim Market Expert

Western aid is "less predictable" and "comes with more strings," Shingirai Rungangah told Sputnik Africa.

Africa's own pools like pension funds and insurance assets are huge and underused, he added.

Sovereign wealth funds in Nigeria, Angola, and Botswana are expanding, domestic savings exist but often leave the region, and alternative sources of capital are available.

"That gives Africa negotiating power it didn't have 20 years ago."

Watch the video by Sputnik Africa to learn what steps can African governments take to improve the financial conditions

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