AU Unveils Bold Fiscal Plan to Cut Debt Dependence

• Agenda 2063 proposals include diaspora bonds, e-commerce levy, and a sovereign wealth fund
• Success hinges on political will and macroeconomic reform, economists warn

Lagos, Nigeria – The African Union Commission on Monday announced a suite of fiscal initiatives aimed at reducing Africa’s dependence on external borrowing and building a more resilient financial architecture. The measures—framed as strategic priorities under the AU’s Agenda 2063—are expected to reshape how sovereign debt is managed across the continent.