Akinwumi Adesina, the outgoing president of the African Development Bank, reflects on his 10-year tenure before a handover to a new president. Under his leadership, the bank's capital grew from $93 billion in 2015 to $318 billion. He emphasizes the importance of equitable taxation on Africa’s natural resources, stating that foreign and local companies often evade fair payments. Adesina maintains a cautious optimism about Africa’s future, highlighting the need for commitment to addressing underdevelopment as the new leader will inherit a prestigious institution committed to economic and social progress.
Africa has oil, gas, minerals, metals; we have forest, we have everything. But we are not getting anything from it because international corporations and national corporations don't pay the relevant taxes and royalties.
Whoever is taking over, they are certainly getting a walk-on global institution. But it's not a job - it's a mission. You have to breathe it.
#african-development-bank #akinwumi-adesina #economic-development #natural-resources #leadership-transition
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