Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
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The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile
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The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals
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Of the 61 projects discussed at the forum, 45 have been negotiated and closed
Heads of state from across the continent, senior government officials and investors from across the globe have flocked to the conference
Investors discussed 60 projects and deals worth $40-billion with the aim of fast-tracking closure and removing policy and regulatory constraints
Akinwumi Adesina pitched phenomenal ideas such as an "African Google", a transnational electricity market and a regional stock exchange.