Africa Calls for Stronger Investment Partnerships

(MENAFN) African nations are increasingly prioritizing investment-driven relationships over dependence on foreign assistance, according to Tanzania’s Minister for Planning and Investment in the President’s Office, Kitila Mkumbo.

Speaking during a business forum that brought together African and Russian stakeholders, Mkumbo emphasized that Africa is ready to engage with the world as an equal economic partner. He highlighted the continent’s growing capabilities and its potential to contribute significantly to global development.

“We are tired of constant sanctions and repeated aid cuts, but we are not interested in aid alone. We want to build partnerships, we want investment,” he said.

Mkumbo noted that many African economies are experiencing major changes that could position them among the fastest-expanding markets globally in the years ahead. He also underlined the value of stronger economic ties with Russia, suggesting that the country could play a meaningful role in supporting Africa’s long-term growth ambitions.

Throughout the discussions, participants repeatedly stressed the importance of increasing Africa’s self-reliance in several strategic areas. These included food production, transportation networks, financial systems, and digital development, all of which were described as essential to strengthening the continent’s economic independence.

According to reports, representatives from major industry players highlighted plans to expand support for African agriculture. One executive stated that his company intends to increase fertilizer deliveries to the continent, raising annual supplies to around two million tons. He argued that wider access to fertilizers could significantly boost agricultural productivity, helping African countries not only satisfy domestic food demand but potentially emerge as major exporters in global markets.

Another industry leader pointed to nutrient deficiencies as a major obstacle facing agricultural production across many parts of Africa. According to him, shortages of elements such as boron and zinc are common in the region’s soils, and specialized fertilizer products have been developed to address these challenges.

He also emphasized that improving farmers’ understanding of proper fertilizer application is just as important as increasing supply. As stated by reports, ongoing cooperation with an international food and agriculture body has supported educational initiatives and training programs designed to help farmers across Africa improve agricultural productivity and sustainability.

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