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…  | 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. | | | |
