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Financing Kenya’s future amid shrinking foreign aid
Delegates follow proceedings during the 7th Pan African Conference on illicit financial flows and taxation at the Crowne Plaza Hotel on October 1, 2019.
For many years, African countries, including Kenya, built their development plans around external aid. Donor funding helped construct schools, hospitals, water systems, and roads. But the world is changing fast, and so is the landscape of development financing.
Today, foreign assistance to Africa is shrinking. Traditional donor countries are grappling with their own economic pressures, rising costs of living, and shifting political priorities; thus, they increasingly prioritise inward investments.
