The Financing Dilemma: Are Global Powers Driving Africa’s Development or Deepening Economic Dependency?

Africa’s relationship with developed nations has shifted from colonial rule to economic partnerships and global trade. In this session,
Farouk Gumel will explore key historical turning points and their impact on Africa’s current position. A moderated discussion will
follow, examining how Africa can build stronger, fairer partnerships and the role of business leaders, policymakers, and young
professionals in shaping the future.

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This session will examine how the growth in wealth and the expanding middle class across Africa can fuel a new model of philanthropy. Isaac will discuss a recently published, groundbreaking report that draws insights from key stakeholders and real-world examples to highlight the primary drivers behind HNWI philanthropy in Africa and the future direction of giving on the continent. A key feature of the report is how governments can catalyze strategic philanthropy through effective tax incentives. Together, we will explore how philanthropy on the continent can be maximized and how it should be structured, measured, and deployed for maximum impact

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This panel delves into the powerful impact of the African diaspora in driving the expansion of African ventures. Featuring a diverse group of speakers—diaspora returnees launching businesses in Africa, to entrepreneurs scaling operations across the continent and beyond, and strategists raising international capital—this discussion will explore the unique challenges and strategies of diaspora-driven entrepreneurship. Attendees will gain insights into leveraging global networks, navigating cultural dynamics, and employing innovative funding models to effectively scale businesses and create a supportive ecosystem for pan-African and global growth

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