As the U.S. ramps up protectionist trade policies, African economies are bracing for a major economic shock. Dr. Akinwumi Adesina, President of the African Development Bank, warned that 47 of 54 African nations could be hit hard by new U.S. tariffs, with some countries facing rates as high as 50% on exports. Nations like Lesotho, Madagascar, Mauritius, and South Africa risk being priced out of American markets, while cuts to U.S. aid threaten essential health services.
Speaking to Adesina called for Africa to shift from aid dependency to economic sovereignty. He outlined a three-part strategy engaging the U.S. in constructive trade diplomacy, diversifying export markets, and fast-tracking the African Continental Free Trade Area (AfCFTA). He emphasized leveraging Africa’s vast resources like lithium and cobalt on Africa’s own terms.
Dismissing fears of geopolitical alignment, Adesina made it clear: “This is not about choosing sides. Africa is building bridges, not walls.” He reaffirmed Africa’s commitment to partnerships with all global powers, while highlighting the continent’s emerging role as the world’s next big investment destination.
With initiatives like Mission 300 to expand electricity access and the AfDB’s “High 5” agenda, Africa is pushing for long-term self-reliance. “The era of aid as we’ve known it is over,” Adesina said. “Africa is ready to lead its future.”