NAIROBI, Kenya- Raila Odinga, Kenya’s candidate for the African Union Commission (AUC) Chairperson, is on a mission to reshape Africa’s financial future.
During the Mjadala Afrika Leadership Debate in Addis Ababa, Ethiopia, Odinga made a compelling case for sweeping reforms aimed at reducing Africa’s reliance on external funding. His message? Africa has the resources to stand on its own.
Odinga’s vision revolves around creating a sovereign fund to finance the African Union (AU) sustainably. He proposed involving the private sector and leveraging Africa’s vast resources to strengthen financial independence.
“One of the reforms I will be pushing in the AU is financial reforms, so we can involve the African private sector in funding,” Odinga said. “We can create a sovereign fund that will enable the AU to perform its work. We can fund this organization using our continent’s resources.”
Odinga also criticized the current funding model, where only 17 member states contribute the agreed 0.2pc duty to sustain the AU.
He drew parallels with the European Union, emphasizing the need for Africa to follow suit.
“It’s a shame that the EU can fund the AU while we fail to utilize our own resources,” Odinga remarked. His vision for reform isn’t just about funding—it’s about empowering Africa to take charge of its destiny.
Odinga identified high energy costs as a significant barrier to Africa’s industrialization and economic progress. By advocating for affordable energy solutions, he aims to spur innovation and create a foundation for sustainable development.
Additionally, he championed the potential of intra-African trade, calling for the expedited implementation of the African Continental Free Trade Area (AfCFTA) to tap into the continent’s economic potential.
“Trade within Africa remains far below its capacity. With the AfCFTA, we have the tools to unlock unprecedented opportunities,” he emphasized.
Odinga’s commitment to reform extends beyond finances and trade. He criticized the AU’s inefficiencies, pointing out that 93pc of resolutions passed by the Assembly of Heads of State remain unimplemented.
He pledged to streamline decision-making processes, making the AU more effective and responsive.
The former Kenyan Prime Minister brought passion and experience to the debate stage, competing against Djibouti’s Mohamoud Ali Youssouf and Madagascar’s Richard Randriamandrato.
Confident in his ability to lead, Odinga stated, “I don’t need any kind of induction and will give my best from Day One if appointed.”
Odinga also took a moment to thank his supporters. “I would like, in a very special way, to thank my team, family, friends, and fellow Kenyans for their solidarity and love. This debate was an exceptional, fulfilling, and worthwhile experience.”
The Mjadala Afrika Leadership Debate offered candidates a unique platform to present their visions for Africa’s future. Odinga hailed the debate as an innovative step toward fostering dialogue and transparency in African leadership.
