Africa Tired of Being Poor, Says Akinwunmi Adesina

Africa Tired of Being Poor, Says Akinwunmi Adesina

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, says for African nations to overcome poverty and underdevelopment, the continent must stop the export of raw materials.

Turning Africa’s Mineral Wealth into Economic Gold: The Value Addition Imperative - Dr. Kenny Odugbemi

Africa's vast mineral wealth, long celebrated as a symbol of potential prosperity, has often been the continent’s greatest paradox. Despite housing some of the richest deposits of gold, diamonds, copper, oil, and other valuable minerals, African nations have found themselves on the losing end of the global value chain—exporting raw materials while importing finished products at higher costs. The current state of mineral exports reveals a contine…

Stop Exporting Raw Materials - AfDB Chief, Adesina Tells African Nations » News.ng

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has urged African nations to stop exporting raw materials to address the continent’s persistent challenges with poverty and underdevelopment. In a post shared on his X account on Thursday, Dr. Adesina emphasised that Africa must transform its economic model—from being primarily a supplier of unprocessed commodities to becoming a manufacturer of value-added products. He sugge…

Africa must stop raw materials’ export to trigger growth -Adesina

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that the continent of Africa must end the export of its raw materials and inputs to trigger growth. In his official X page on Thursday, Adesina said the continent must embrace export of value-added products to increase its wealth. “Africa must end the exports of its raw materials. The export of raw materials is the door to poverty. The export of value-added products…

Africa Must Stop Raw Materials’ Export To Trigger Growth -Adesina - InsideBusiness - Business News in Nigeria

Akinwumi Adesina, president of the African Development Bank (AfDB), says the continent must end the export of its raw materials and inputs to trigger growth. In his official X page on Thursday, Adesina said the continent must embrace export of value-added products to increase its wealth. “Africa must end the exports of its raw materials. The export of raw materials is the door to poverty. The export of value-added products is the highway to we…

Adesina Urges Africa to Shift from Raw Material Exports to Value-Added Production - TV360 Nigeria

Amid growing calls for economic transformation across the African continent, the President of the African Development Bank (AfDB), Akinwumi Adesina, has once again challenged African nations to abandon the long-standing dependency on raw material exports, urging instead a bold pivot toward industrialisation and value-added production. The warning, which came in a message shared on Adesina’s official X handle on Thursday, strikes at the core of A…