African Development Bank chief warns of tariff 'shock wave'

Be disciplined, the era of free money is gone - Adesina tells African nations

Adesina observed that African countries have depended on aid and loans from developed countries and institutions to drive growth and development for many years.

Trump's tariff moves threaten African economies, AfDB warns

In South Africa, a 30% duty on citrus exports has alarmed agricultural groups.

Era of free money gone, Akinwumi Adesina tells African nations - Daily Trust

President of African Development Bank (AfDB) Dr Akinwumi Adesina, has tasked Africa to overhaul its approach towards achieving fast-paced growth and development “because the era of aid and free money is gone”. Adesina said this in his speech as the Special Guest Lecturer at 14th Convocation lecture of National Open University of Nigeria (NOUN) in Abuja on Friday. The programme had as its theme, “Advancing Africa’s Positioning within Global Devel…

African Development Bank chief warns of tariff 'shock wave'

An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs.

U.S. tariff policies could reshape Africa's global trade strategy, Mozambican economist says

Gift Essinalo, a researcher at Mozambique's Center for Public Integrity and former consultant economist to the World Bank, receives an interview with Xinhua in Maputo, capital city of Mozambique, April 10, 2025. (Xinhua/Liu Jie)As U.S. protectionist trade policies intensify under the Trump administration, African nations may be forced to reassess their economic strategies and pivot toward more welcoming markets, a lead

AfDB Warns of Disaster if US Tariffs Spark Retaliatiry Measures - Economic Confidential

President of the African Development Bank Group (AfDB), Akinwummi Adesina, has warned African countries not to impose