Tag: AfDB chief Akinwumi Adesina
Africa Emerging Markets Headlines International

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

North Africa PostComments Off on Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]
Africa Business Finance Headlines International

Optimist-in-chief: Africa’s prosperity depends on Africans to be able to move freely

North Africa PostComments Off on Optimist-in-chief: Africa’s prosperity depends on Africans to be able to move freely

Despite general skepticism about Africa’s economic promise, Akinwumi Adesina, the chief of the African Development Bank (AfDB), who has been dubbed, “Africa’s optimist-in-chief,” believes that the future of Africa will defy everyone’s expectations. The skepticism is fueled by all the recent negative development affecting Africa: Covid-19 pandemic; the Russia-Ukraine war and its pressure on food […]
Africa Finance Headlines International Morocco

AfDB hails coherence of Morocco’s development plan, resilience of its economy

North Africa PostComments Off on AfDB hails coherence of Morocco’s development plan, resilience of its economy

President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the resilience of its economy, which has demonstrated its ability to successfully emerge from the Covid-19 crisis. “I salute the Moroccan authorities for the coherence of […]