Prime Minister Gaston Browne has called on leaders across Africa and the Caribbean to fundamentally reshape their economic systems, arguing that both regions must move away from structures that primarily benefit external interests and instead prioritize their own citizens.
Browne made the remarks while welcoming a delegation led by Dr. Nwachukwu Anakwenze, Regent of the Abagana Kingdom in Anambra State, Nigeria, who is preparing for his installation as king.
During the meeting, the prime minister reflected on the historical legacy of slavery and colonialism, noting that both Africa and the Caribbean were transformed into “extractive economies” — systems designed to export wealth rather than build local prosperity.
Prime Minister Gaston Browne with Dr. Nwachukwu Anakwenze, Regent of the Abagana Kingdom in Anambra State, Nigeria
He said the natural resources of Africa and agricultural production in the Caribbean helped create generational wealth in Europe and other regions, while leaving the people of both regions underdeveloped.
“We have not reached our full potential,” Browne stated, emphasizing that the time has come for a deliberate and coordinated effort by regional leaders to redesign their economies in ways that ensure greater local ownership and benefit.
Highlighting a past example, Browne recalled his administration’s decision to block the sale of local banking operations by two Canadian institutions to foreign buyers. Instead, the government insisted the branches be sold to local entities, ensuring profits remained within Antigua and Barbuda.
“At the time, it was not considered a popular move,” he said, noting that he faced criticism and was even labelled a “dictator.” However, he maintained that the decision has since proven beneficial, as the locally owned banks have grown stronger and more profitable.
The prime minister stressed that bold and decisive leadership will be necessary to challenge entrenched financial interests.
“This is the time for courage,” Browne said. “Special interests will resist, but we must remain resolute in making decisions that serve our people.”
He further argued that the enduring effects of colonialism and enslavement continue to shape economic realities in both regions but insisted that it is not too late to change course.
Browne proposed a shift toward “productive economies” — systems that generate wealth internally and reinvest it into national development, rather than allowing resources to be extracted with minimal local benefit.
The prime minister also expressed appreciation for the visit by Dr. Anakwenze and his delegation, noting his interest in strengthening ties with African leadership. He added that he looks forward to visiting the Abagana Kingdom in the near future.
