April 26, 2024/United Capital Anglophone West Africa (WAEMU) Nigeria Nigeria’s $2.25bn World Bank loan expected June. Wale Edun, Minister of finance and coordinating minister for the economy, announced that the World Bank will, in June 2024, consider and give final approval to Nigeria’s $2.25bn loan request. The loan comprises a […]
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Cameroon: The African Development Bank, a Leading Infrastructure Partner
“The Bank’s operations have changed the face of the region” – Cameroonian minister April 24, 2024/AfDB In an era of transformative development, the African Development Bank Group stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its […]
Africa’s $824Bn Debt Burden and Opaque Resource-Backed Loans Hinder Its Potential, AfDB President Warns
The continent would pay $74 billion in debt service payments this year alone, a sharp increase from $17 billion in 2010 April 24, 2024/AfDB Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank President Akinwumi Adesina […]
