FDI flow to Africa doubled to $87b in 2021, AIF commits to electric cars, othersInstead, Adesina appealed to the countries to open their space for private equity inflow and key into the huge potential of public-private partnership , to bridge the huge infrastructure gap in the continent.
He said: “At AfDB, we do not support using natural resources to back infrastructure financing. That will be mortgaging the future of those countries. All infrastructure loans should be transparently and competitively done in such a way that they give value to the countries. Akinwumi also kicked against the continued reliance of the region on the outside world for its medical need, warning that it would be risky for Africa “to outsource the health of 1.4 billion people to the benevolence of others.”
He was optimistic that Africa, through the efforts of AfDB and AIF in recent years, is getting back on track.
God bless you Sir. I hope African leaders would listen to this golden advice from you. Backing infrastructure loans with natural resources is mortgaging the future of the continent anf impoverishing the people. Leaders should concentrate on omproving the quality of education