Africa loses $580b yearly, faces $2tn debt burden, says AfDB

Africa loses $580b yearly, faces $2tn debt burden, says AfDB

The African Development Bank (AfDB) has warned that Africa is losing more than $580bn every year through corruption and illicit capital outflows, a financial haemorrhage that continues to undermine the continent’s economic progress while worsening its nearly $2trn debt burden.

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