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African leader warns corruption costs continent $580 billion yearly, surpassing aid and investment.
African Development Bank President Adesina warns that Africa loses $580 billion annually due to corruption and illicit financial flows, which is more than the continent receives in aid and foreign investment combined.
This daily loss of $1.6 billion exacerbates Africa's $2 trillion debt and hampers economic growth.
Adesina advocates for reducing these outflows and improving debt management to foster development and job creation.
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El líder africano advierte que la corrupción le cuesta al continente $580 mil millones al año, superando la ayuda y la inversión.