Decolonization of Africa Economy

In his recent lecture, Prof. PLO Lumumba tackled the critical issue of economic decolonization in Africa. With a sharp focus on Africa’s resource wealth, Lumumba criticized the continued exploitation of the continent by foreign powers and multinational corporations. Despite Africa’s vast natural resources, he argued, the continent remains largely dependent on external actors for its economic well-being.

He called for an economic awakening in Africa, stressing that African governments must step away from outdated economic models imposed by colonial powers. He proposed a strategy of self-reliance, rooted in African-led industrialization and intra-Africa trade, to build a stronger and more independent economy. The professor pushed the idea that Africa must stop being a passive participant in global economics and instead take charge of its financial future, ensuring that its resources benefit the people rather than external entities.

Lumumba also directed a part to the importance of focusing on education and skills development as a critical part of economic decolonization. He argued that Africa needs to invest in its own people by fostering innovation, entrepreneurship, and a skilled workforce. This, according to Lumumba, would reduce the continent’s reliance on foreign expertise and technology. He believes that Africa’s future economic success lies in developing solutions that are tailored to its own unique challenges. By doing so, African nations can create more jobs, boost local industries, and ensure long-term, sustainable growth.

Prof Lumumba is a Kenyan lawyer, activist, lecturer and notable pan-African who served as a high commissioner of the Kenyan court.