Such non-transparent credit deals are undermining the continent’s economic growth, says president of African Development Bank Loans offered to African governments in exchange for oil and other minerals must end because such deals are contributing to the continent’s crippling debt levels, Nigerian economist and banking expert Akinwumi Adesina has warned. Adesina, who is president of the African Development Bank (AfDB), described such natural resource-backed loans as “asymmetrical” and “non-transparent,” in an interview published by Semafor Africa on Wednesday. “I think it’s time for us to have debt transparency acc
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