In the face of shifting US policies under President Donald Trump, which have curtailed aid and imposed tariffs on the continent, African nations and businesses are proactively charting a more self-reliant economic course. At the inaugural Bloomberg Africa Business Summit in Johannesburg, executives and political leaders highlighted how countries such as Ghana, Kenya, Zambia, and South Africa are boosting local production, enhancing infrastructure, and diversifying export markets. A wave of confidence is also building across the continent, reflected in Ghana’s top-performing stock market, South Africa’s strongest index since 2006, and S&P Global’s recent credit rating upgrade. While acknowledging real hurdles such as infrastructure backlogs, the focus is squarely on unlocking massive opportunities within Africa itself. From sovereign wealth funds to private investors, the drive is towards greater industrialization and intra-continental partnerships, signaling a determined effort to forge a resilient and independent growth path.
Bloomberg
