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AfDB Predicts Rising Inflation in Africa

AfDB Predicts Rising Inflation in Africa
Jun 1, 2022 · 57s

The African Development Bank says Russia's invasion of Ukraine and lingering effects of the COVID-19 pandemic pose huge challenges to the continent. The bank's president, Akinwumi Adesina, says that it...

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The African Development Bank says Russia's invasion of Ukraine and lingering effects of the COVID-19 pandemic pose huge challenges to the continent.
The bank's president, Akinwumi Adesina, says that it will take a great deal of effort for Africa to fully recover.
An economist at the University of Ghana, Adu Owusu Sarkodie, says that African economies could recover quickly from the impact of the Russia-Ukraine war by trading among themselves and investing more in agriculture.
Sarkodie lauded the African Development Bank for recently approving $1.5 billion to avert a food crisis on the continent by providing seed and other supplies to 20 million farmers.
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Author Africa Business Radio
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