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Africa will face USD3.3 trillion finance deficit in next decade: AU development arm

By: Nardos Yoseph
Published On: February 17, 2024

Africa must step up its resource mobilization efforts if the continent is to bridge a USD 3.3 trillion financing deficit over the coming decade, warns the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD).

Nardos Bekele, CEO of the AU’s continental development arm, made the statement during a side-line briefing during the ongoing 37th AU summit in Addis Ababa.