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Africa's total debt stock is estimated at $13 trillion, and the cost of debt reached $22 billion in 2022, with expectations that it will further increase in 2023, Akinwumi Adesina, president of the African Development Bank (AfDB) Group, said on Monday
Tanzania's President has achieved significant milestones.
The African Development Bank (AfDB) said Nigeria loses $29 billion due to poor power supply annually while manufacturers in the country spend as much as N10.1 trillion on energy. AfDB president Dr. Akinwumi Adesina made this disclosure on Thursday as he raised concerns over the epileptic power supply in Nigeria while calling for an industrial […]
They want IMF to unlock more resources to accelerate growth, tackle climate change, address debt, and close infrastructure financing gaps
The AfDB president told a conference in Durban this week Africa has the necessary partnerships and technologies to eradicate hunger.