Ten countries – Egypt, Ethiopia, Nigeria, DR Congo, Kenya, Tanzania, Mozambique, Morocco, Uganda, and Niger – receive nearly half of Africa’s total ODA (46.4%).
The Mo Ibrahim Foundation’s latest report, Financing Africa: where is the money? provides a comprehensive analysis of both the financial needs deemed necessary for Africa to meet its development and climate goals and the resources that are currently available. FULL REPORT HERE
In 2022, ten African countries, including Kenya, Tanzania, Uganda, and the Democratic Republic of Congo (DRC), received almost half of the official development assistance to the continent, a new report by the Mo Ibrahim Foundation shows. These countries, received between $2 billion and $8 billion in Official Development Assistance (ODA) from rich countries to finance their local government budgets, a reflection of heavy reliance on grants even as the donations begin to dwindle with changing priorities for the donors.
“Between 2013 and 2022, Africa received the largest amount of ODA of any world region in every year other than 2018. However, the total ODA received by Africa fell from $86.4 billion in 2020 to $81.4 [billion] in 2022,” says the report published this week. MORE