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Keynote Address by Dr. Akinwumi A. Adesina, President, African Development Bank Group All Africa Media Leaders’ Summit Nairobi, Kenya - 9 May 2024

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Akinwumi Adesina Wiki · African Development Bank Group WikiKeynote Address by Dr. Akinwumi A. Adesina, President, African Development Bank Group All Africa Media Leaders’ Summit Nairobi, Kenya - 9 May 2024

ContextKeynote at the All Africa Media Leaders' Summit in Nairobi; the African Development Bank finances Africa's development and wants a fairer image of Africa in the media.

Why it mattersAdesina argues that negative media coverage raises Africa's cost of capital.

Problems raised
  1. Negative media images harm investor confidence.
  2. Africa pays a high risk premium.
  3. Capital costs are 3 to 4 times higher.
Solutions proposed
  1. Tell a balanced story about Africa.
  2. Improve African risk ratings.
  3. Strengthen African media.
Read full speech on afdb.org ↗

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