Africa’s Rising Global Influence: A New Era of Opportunity and Challenge
Africa is no longer content with being a passive observer on the world stage. As the African Union (AU) gains a seat at the G20 table and deepens its engagement with BRICS+, the continent is poised to actively shape global governance, moving beyond its traditional role.
But here’s where it gets controversial: Africa is challenging the existing global financial and governance systems, designed primarily by and for the West. Gordon K’Achola, CEO of One Stop Development Agency, highlights the need for a paradigm shift. He argues that Africa’s unique challenges, particularly in debt vulnerability and climate resilience, require a new approach, one that recognizes Africa’s vital role in the global green transition.
“The global green transition relies on Africa’s mineral wealth, from cobalt to lithium. The Global North cannot exclude Africa from these crucial discussions.” K’Achola emphasizes that Africa’s inclusion in the G20 is not just symbolic; it’s a recognition of the continent’s strategic importance.
And this is the part most people miss: Africa’s youth, the largest and most vibrant in the world, are a driving force behind this shift. With their energy and potential, Africa is transitioning from a ‘norm-taker’ to a ‘norm-shaper’, as seen in the BRICS+ engagement, where countries like Egypt, South Africa, and Ethiopia are leading the way.
“We must embrace our role as a trading powerhouse and co-create solutions with BRICS, not just accept imposed norms.” K’Achola urges Africa to open up its rules and regulations to broader engagement, fostering an environment conducive to growth and collaboration.
James Shikwati, director of the Inter Region Economic Network, agrees that Africa’s current governance structures were designed for a unipolar world. He believes Africa can be a decisive player in the emerging multipolar order, leveraging its natural resources, favorable demographics, and rapid urbanization.
“Africa has the potential to shape international supply chains, position itself as a non-aligned power, and anchor global security and trade frameworks.” Shikwati emphasizes the need for Africa to proactively assess its assets and advocate for equitable debt restructuring and fair financing conditions.
So, what’s next for Africa’s global role? How can the continent seize this opportunity to redefine its position on the world stage? And what challenges and opportunities does this present for global governance and financial systems?
Contact the writers at edithmutethya@chinadaily.com.cn for further insights and to join the conversation.