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Dlamini-Zuma: Use the abundant resources to develop Africa
Dr Nkosazana Clarice Dlamini-Zuma, former Chairperson of the African Union Commission, has urged African leaders to utilize the abundant resources the continent is endowed with to the benefit of their people.
“In Europe, I don’t know how many days of sunshine they have, but here we have at least over 300 days of sunshine. We must take advantage of that. We have our rivers, we must use them. And we are blessed with the diversity of water and oil, which we must benefit from,” she noted.
Dlamini-Zuma was speaking on the topic “Why the world needs a Dynamic Africa and what role must each African Play to achieve this goal” at the BOMA of Africa event organized by AUDA-NEPAD and AfroChampions on the sidelines of the Africa Union’s Mid-Year Coordinating Meeting held in Accra last Saturday.
Under the theme “From the Africa We Want to the Africa We Build,” the 2024 edition of BOMA of Africa aimed at celebrating the radical ideas and actions driving Africa forward.
This festival of innovation and unity featured debates, discussions, and announcements of groundbreaking initiatives that exemplify the milestones of African integration and development.
Through focused discussions on health, wealth creation, development financing, and governance, BOMA 2024 aimed to ignite new momentum towards realising Africa’s continental aspirations. By spotlighting major projects and initiatives, the event aimed to foster a spirit of collaboration and determination.
In a world marked by geopolitical shifts, technological advancements, conflicts, and economic turbulence, Africa’s strategic blueprint, Agenda 2063, has become urgent and necessary. The BOMA of Africa serves as a high point for showcasing and celebrating strategic developments on this roadmap, providing a platform to mobilize support for peace, security, and development.
“Our minds and our trajectory to Agenda 2063 cannot be determined only by investors, otherwise, we are colonised. It must be determined by what we can do and what we want to do,” Dr. Dlamini-Zuma said.
According to her, “We need to build our own trains. We need to build our own cars. We need to build roads. Eventually, we should also be able to build our own lakes. Maybe not today. It’s a big elephant, one bite at a time, but we must get there.”
Key highlights at BOMA 2024 included the 2nd Sankore Lecture, the inaugural Sankore Awards, and showcasing transformative projects such as Energize Africa, the Programme for Infrastructure Development in Africa, and the Home-Grown Solutions Accelerator. These initiatives underscore commitment to advancing regional integration, socio-economic growth, and resilience across the continent.
A longstanding member of the African National Congress, who currently serves as Chancellor of the University of Limpopo, Dr. Dlamini-Zuma advised Africans to not let colonisation and slavery define them, but rather, remember their unique identity.
“Before we were colonised, we were a very dynamic continent and dynamic people. Even the Europeans themselves acknowledge that Africa was a dynamic continent,” she noted.
Dr. Dlamini-Zuma expressed disappointment and worry that Africa, with its huge youthful population, has become a supplier of labour to other parts of the world. She said Africans must travel out of choice and not out of desperation.
She encouraged African leaders to improve the conditions in their countries to prevent their citizens from travelling out of frustration and desperation.
“If they go somewhere else, it should be out of choice, not out of desperation, as it’s happening today. But also, I always get this complaint about how difficult it is around African countries,” she said.
AUDA-NEPAD and AfroChampions, alongside other strategic partners, have hosted the annual BOMA of Africa event during African Integration Week since 2019. This year’s BOMA was aligned with the AU Mid-Year Coordination Meeting, further cementing its significance on the continent’s commemorative calendar.
The Boma of Africa 2024 was held in Accra, Ghana on July 20, 2024 on the sidelines of the AU Mid-Year Coordinating Meeting.
This year’s theme, “From the Africa We Want to the Africa We Build” brought together distinguished leaders, strategists, and innovators to celebrate and assess the remarkable progress of Agenda 2063.
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its sixth (6th) Exchange Programme, hosted by the Ghana Export – Import Bank (GEXIM) Bank in Accra from March 22 to 23 March.
The event brought together member institutions, partner organisations and Ghanaian public entities to advance dialogue on South-South trade, investment and development finance, while also creating opportunities for knowledge-sharing and institutional cooperation.
Organised as a capacity-building and networking platform, the 2026 edition of the G-NEXID Exchange focused on GEXIM’s experience in developing innovative solutions to promote intra-African and extra-African trade.
It also highlighted trade and investment opportunities in Ghana, particularly in the context of the African Continental Free Trade Area (AfCFTA) and broader national development initiatives.
The Exchange Programme forms part of G-NEXID’s mandate to foster cooperation among export-import banks and development finance institutions in support of South-South trade and investment.
This 6th edition follows earlier successful programmes hosted by India Exim Bank (2016), BNDES (2017), Indonesia Eximbank (2018), Afreximbank (2019) and Saudi EXIM Bank (2025).
On the first day, participants were presented with G-NEXID institutional information and received an update on the Network’s 2026 work programme.
There were a series of substantive presentations, including an overview of the Ghanaian economy by the Ministry of Finance, with particular attention to debt-related challenges; a presentation by the Ghana Investment Promotion Centre (GIPC), on investment opportunities in the country; and institutional presentations by GEXIM and Development Bank Ghana (DBG) on their respective mandates, initiatives, products and services.
Discussions during the sessions underscored strong interest in sector-focused webinars and business dialogues, particularly in agribusiness value chains such as poultry and rice.
Participants also emphasized the importance of continued information exchange and the sharing of best practices, especially in the area of guarantees.
The second day opened with a presentation on the 24-Hour Economy and Accelerated Export Development Programme, a national economic transformation strategy launched by President John Dramani Mahama in July 2025.
The initiative aims to enhance economic productivity through continuous industrial activity, accelerated export development and strategic import substitution.
As the programme is expected to mobilise both private and development capital, it presents concrete opportunities for G-NEXID members in areas such as co-financing, guarantees, trade finance and technical cooperation.
The programme also featured institutional presentations by guest organisations, namely the African Guarantee and Economic Cooperation Fund (FAGACE) and the West African Development Bank (BOAD), which shared their mandates, initiatives, products and services.
Following these exchanges, the G-NEXID Secretariat held bilateral discussions with both institutions as part of the Network’s ongoing membership drive.
Participants further benefited from a presentation by the Eastern and Southern African Trade and Development Bank (TDB), as well as a showcase of GEXIM’s key pipeline projects.
On the margins of the Exchange Programme, G-NEXID members also held their 20th Annual General Assembly Meeting to review progress and discuss strategic priorities.
Following the event, participants joined the GEXIM@10 International Conference, held from March 24-25, 2026 under the theme, “A Decade of Enabling Export Trade and Industrial Transformation: Resetting GEXIM for the Next Frontier.”
The conference provided an important platform for exploring how Ghana can strengthen its transition from a primary commodity exporter to a more competitive player in value-added trade and industrial development.
Source – G-NEXID
President John Dramani Mahama on Tuesday, March 31, 2026, signed five bills including three amendment bills passed by Parliament into law.
They are: Security and Intelligence Agencies Bill, 2025; University of Engineering and Agricultural Sciences Bill, 2025; Ghana Deposit Protection (Amendment) Bill, 2025; Growth and Sustainability Levy (Amendment) Bill, 2026; and Education Regulatory Bodies (Amendment) Bill, 2026.
In a brief remark after assenting to the bills, President Mahama explained that the Security and Intelligence Agencies Act, 2026, scraps the Office of Minister of National Security and frees the President’s to appoint any Minister to supervise the security agencies.
He said it also reverses the name of the office of National Intelligence Bureau (NIB), to the original name, Bureau of National Intelligence, (BNI).
This the President said, addresses the confusion between that security agency and a well-known Ghanaian financial institution, the National Investment Bank.
President Mahama also noted that the University of Engineering and Agricultural Sciences Act, 2026, establishes another University in the Eastern Region, at Bonsu, with three campuses – the main campus at Bonsu in the Eastern Region, with the second campus to be cited at Ohawu in the Oti Region.
The third, the Presdient assed will be located at Acherensua in the Ahafo Region.
Touching on the Amendment to the Growth and Sustainability Levy Act, the President said, “As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties.”
He also spoke to the passage of the Government Education Regulatory Bodies Amendment Act, emphasising that amends Act 1023 to grant greater flexibility to private tertiary institutions and the option to Charter.
The Ghana Deposit Protection Amendment Act, the President concluded, is an amendment to an original act that was supposed to guarantee deposits held in commercial banks or financial institutions.
It basically expands protection to include mobile money wallets and other digital platforms, ensuring a wider scope of digital financial assets are secured.
The signing ceremony, was witnessed by the Clerk of Parliament, Mr. Ebenezer Ahumah Djietror, Secretary to the President, Dr Callistus Mahama, the Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine, Chief of Staff, Julius Debrah, Joyce Bawa Mogtari, a Senior Presidential Advisor and a Special Aide to the President, Finance Minister, Dr Cassiel Ato Baah Forson, and the Vice President, Professor Jane Naana Opoku Agyemang.
