Harnessing Civil Society’s Role in Making Africa’s Capital Work Better for Inclusive Development

The statement emphasizes that while Africa possesses significant natural and financial capital, power imbalances in the international financial architecture hinder its mobilization. It highlights the severe impact of illicit financial flows and debt servicing on public services and calls for a collaborative approach between the African Development Bank, governments, and civil society to ensure transparent, sustainable, and equitable financial governance.

• Africa possesses vast resources, including over 30% of global mineral reserves, and is projected to capture more than 10% of the estimated $16 trillion in green mineral revenues by 2030.
• The international financial architecture contains inherent biases and power imbalances that obstruct Africa's ability to strategically deploy its own capital for inclusive development.
• Illicit financial flows and high debt servicing costs drain critical resources from public infrastructure; Africa loses approximately $88.6 billion annually to illicit flows while spending nearly $163 billion on debt servicing.
• Civil society is positioned to drive inclusive development by advocating for sustainable debt management, tracking public budgets to identify leakages, empowering marginalized groups, and promoting alternative financing models.

APA

Mithia, C. (2025). Harnessing Civil Society’s Role in Making Africa’s Capital Work Better for Inclusive Development. African Forum and Network on Debt and Development. https://www.afrodad.org/campaign/statements/harnessing-civil-societys-role-making-africas-capital-work-better-inclusive

Chicago

Mithia, Catherine. Harnessing Civil Society’s Role in Making Africa’s Capital Work Better for Inclusive Development. African Forum and Network on Debt and Development, 2025. https://www.afrodad.org/campaign/statements/harnessing-civil-societys-role-making-africas-capital-work-better-inclusive.

Wikipedia

{{cite press release |last1=Mithia |first1=Catherine |title=Harnessing Civil Society’s Role in Making Africa’s Capital Work Better for Inclusive Development |publisher=African Forum and Network on Debt and Development |date=26 May 2025 |url=https://www.afrodad.org/campaign/statements/harnessing-civil-societys-role-making-africas-capital-work-better-inclusive |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mithia2025harnessing, author = {Mithia, Catherine}, title = {{Harnessing Civil Society’s Role in Making Africa’s Capital Work Better for Inclusive Development}}, publisher = {African Forum and Network on Debt and Development}, year = {2025}, month = may, url = {https://www.afrodad.org/campaign/statements/harnessing-civil-societys-role-making-africas-capital-work-better-inclusive}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }