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African Development Bank chief criticizes opaque loans tied to Africa's natural resources – Metro US

Lagos, NIGERIA (AP) โ€” The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China gain control over mineral mining in places like Congo and have left […]
Coted Ivoire Akinwumi Adesina African Development Bank Associated Press China Railway Group International Monetary Fund
Source: metro.us

African Development Bank chief criticizes opaque loans tied to Africa's natural resources

The head of the African Development Bank is calling for an end to loans given in exchange for the continent's rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China gain control over mineral mining in places like Congo and have left some African countries in financial crisis. “They are just bad, first and foremost, because you can’t price the assets properly,” Akinwumi Adesina said in an interview with The...
Coted Ivoire Akinwumi Adesina Alliance For Green Infrastructure In Africa China Railway Group African Development Bank Associated Press
Source: yahoo.com

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