African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has stressed that Africa cannot fix its growing $2 trillion debt without tackling massive capital leakages draining over $580 billion yearly. He highlighted corruption, tax evasion, pro… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader AfDB warns SMEs: Africa's debt crisis tied to capital leakages By Enitan Ajebukola Ajewumi on August 21, 2025 African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has stressed that Africa cannot fix its growing $2 trillion debt without tackling massive capital leakages draining over $580 billion yearly. He highlighted corruption, tax evasion, profit-shifting by multinationals, and illicit financial flows as key causes, warning that resources meant for infrastructure, healthcare, education, and job creation are being lost. Read also, For SMEs, Adesina's message is clear: reducing leakages and improving financial accountability will free up funds that can drive investments, close the $170 billion infrastructure gap, and create more growth opportunities for small businesses across the continent.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110