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…

AfDB to invest $12bn in power sector in Africa in 4 years – Adesina

Dr Akinwumi Adesina, President, African Development Bank ( AfDB ), says the bank would invest 12 billion dollars in the power sector in Africa in four years with the goal of leveraging on the aviation sector. He said this while speaking in Abuja.…