Paul Kagame has called on African leaders to transform external pressure into an opportunity for economic awakening, arguing that the continent must rely less on global powers and instead strengthen its own capacity to generate wealth and influence.
He made the remarks on May 14, 2026, while opening the Africa CEO Forum in Kigali, a high-level gathering bringing together more than 2,000 heads of state, CEOs, investors and policymakers to discuss Africa’s economic future, investment climate, and industrial development.
Kagame said Africa continues to face increasing geopolitical and economic pressure from powerful nations, but insisted this should be viewed as a “wake-up call” rather than a setback. He argued that the continent’s long history of external domination—from colonial rule to present-day economic influence—has repeatedly limited its ability to fully benefit from its own resources.
“The pressure Africa faces from different parts of the world is, in my view, a reminder that we must wake up,” he said, stressing that African countries should stop acting as passive players in global economic systems.
He highlighted Africa’s untapped potential, noting that the continent holds vast reserves of critical minerals and renewable energy resources that are essential for global industries such as clean energy and electric mobility. Despite this, he warned that Africa continues to lose value by exporting raw materials instead of developing local industries that add value.
“Why is Africa always the one at the receiving end?” Kagame asked, adding that the continent has the capacity to compete globally if it organizes its resources and markets more effectively.
The President also criticized the fragmentation of African economies, saying it weakens bargaining power in global negotiations over resources and investment. He urged leaders and private sector actors to move beyond a “victim mindset” and instead adopt coordinated strategies that strengthen Africa’s position in global trade.
Responding to questions on international sanctions affecting African countries, Kagame said such measures often have limited long-term impact and depend largely on how nations respond internally.
He further emphasized that Africa’s future will not be determined by global power shifts alone, but by how decisively Africans choose to act. “There are many opportunities we are not fully utilizing. The responsibility is ours,” he said.
Kagame concluded by calling for stronger collaboration between governments and the private sector to build competitive industries, expand value chains, and increase investment in innovation-driven sectors.
The Africa CEO Forum continues in Kigali with discussions focused on scaling African businesses, strengthening regional integration, and positioning the continent more competitively in the global economy.
