Opinion: If African nations believe in financial sovereignty, they cannot park the bulk of foreign exchange reserves in London, New York and Paris

Africa says it wants financial sovereignty. Its reserves tell a different story. As much as 70% of foreign exchange reserves sit in Western financial centres, supporting the US, the UK and France’s economies rather than Africa’s development. African states hold around $450bn in foreign exchange reserves. Much of this national wealth – nearly equivalent to […]

Press release : In Casablanca, AFIS 2025 concludes by charting the path toward an integrated African finance built on domestic capital

Casablanca, 5 November 2025 – The fifth edition of the Africa Financial Summit (AFIS) concluded yesterday evening in Casablanca, following two days of high-level exchanges and debates that brought together more than 1,250 financial decision-makers, ministers, central bank governors, heads of regional institutions, and private sector leaders from across the continent and beyond. Held under […]