Africa needs $402.2 billion annually by 2030 for structural transformation – AfDB President 

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that Africa needs $402.2 billion annually by 2030 to fast-track its structural transformation.

Adesina made this known during the presentation of the African Economic Outlook (AEO) 2024 at the ongoing AfDB Annual Meetings in Nairobi.

The AfDB President emphasized the critical need for reforms in the global financial architecture to address the continent’s economic challenges and opportunities.

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