#Latest news with #internationalborrowingBloomberg26-05-2025BusinessBloombergAfDB Presidential Hopeful Eyes $4.5 Trillion in Private CapitalAfrica should tap domestic private capital to fund development and reduce reliance on costly international borrowing, said a contender for the African Development Bank presidency. The AfDB currently lends around $10 billion annually against regional needs topping $100 billion, said Senegal's Amadou Hott, who is one of five candidates vying to lead the bank as Nigeria's Akinwumi Adesina prepares to step down.
Bloomberg26-05-2025BusinessBloombergAfDB Presidential Hopeful Eyes $4.5 Trillion in Private CapitalAfrica should tap domestic private capital to fund development and reduce reliance on costly international borrowing, said a contender for the African Development Bank presidency. The AfDB currently lends around $10 billion annually against regional needs topping $100 billion, said Senegal's Amadou Hott, who is one of five candidates vying to lead the bank as Nigeria's Akinwumi Adesina prepares to step down.
26-05-2025
