Africa has demonstrated continued resilience with all but one country maintaining positive growth in 2022. Africa’s GDP growth is expected to rise to 4% in 2023, which is higher than the projected world averages of 2.7% and 3.2% respectively This…
Africa’s debt higher than combined revenue of $501bn, says Adesina
African Development Bank, AfDB, President, Akinwumi Adesina, has revealed that Africa’s public debt, currently estimated at $546 billion, represents one-quarter of the continent’s GDP and is higher than the combined total annual government revenues of $501 billion. Speaking , weekend…