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Africa facing tall development financing order

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Africa facing tall development financing order

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Wednesday, September 24, 2025

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Africa facing tall development financing order

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Staff Writer

September 24, 2025

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Rising debt levels and projected double-digit declines in official development assistance have highlighted the dire need for action plans that will enable Africa to pay for its own development, the African Tax Administration Forum (Ataf) cautions.

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Africa needs $1.6 trillion to achieve its Sustainable Development Goals by 2030. This translates to additional funding requirements of $194 billion per annum.Rising debt levels and projected double-digit declines in official development assistance have highlighted the dire need for action plans that will enable Africa to pay for its own development, the African Tax Administration…

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