Corruption not an African issue – AfDB President Adesina

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“The global financial crisis that brought the world down in 2008 was not in Africa. We have no Wall Street. That collapse came from greed, from corruption, and from fraud.

“You have people cooking the books that are in the financial industry in Europe, not in Africa. Corruption is not an African issue.

“Why do we not talk about that? That’s the kind of thing that we want to do. As a development bank, we take good governance very seriously. On how Africa could improve its position in the global value chain, Adesina expressed sadness about the continent’s constant position at the bottom of the value chain.

“Africa must take a position that it is no longer going to be at the bottom but at the top,” he said.

 

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