Kenya to Host African Economic Summit Involving World Leaders in 2025

President William Ruto attending the Presidential Dialogue on Global Financial Institutions Reform in Addis Ababa, Ethiopia 

Kenya is set to host the inaugural African Economic Summit in 2025, an event that will convene Heads of State from across the world.

This announcement was communicated in a joint statement published in the Economist on March 2023, issued by Presidents William Ruto, Nana Akufo-Addo (Ghana) and Hakainde Hichilema (Zambia).

The three heads of state came together to prepare a statement on the need to reform the global system to ensure that the African continent is treated fairly. 

President Ruto and his counterparts in Ghana and Zambia noted that it was ripe to bring the world to Africa.

Zambian President Hakainde Hichilema. PHOTO|HAKAINDE HICHILEMA

The presidents observed that for far too long, African heads of state have been attending summits in a variety of countries that want to do business with the continent.

“Now it is time for our fellow world leaders to come to us. In that spirit, Ghana has proposed, and we all support, an annual African Economic Summit involving heads of state and government from around the world,” the joint statement read in part.

“Kenya will host the first summit in 2025, then Zambia in 2026 and Ghana in 2027.”

The agenda of the summit will be to ensure that this event becomes the fulcrum around which Africa will deal with its major growth and development issues. 

Ruto, Akufo-Addo and Hichilema further stated that they had helped launch the Africa Club which is an alliance of African multilateral financial institutions.

The Club will serve as a negotiator on behalf of the region, coordinate with global financial institutions and leverage African countries’ balance sheets.