US Tariffs Could Shake African Economies, AfDB Warns
22:09 11.04.2025 (Updated: 22:44 11.04.2025)
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US Tariffs Could Shake African Economies, AfDB Warns
In a speech delivered in Abuja, AfDB President Akinwumi Adesina outlined the risks:
47 African countries face potential exposure to higher US tariffs;
Weaker currencies expected due to falling foreign exchange earnings;
Inflation to rise as costs of imported goods increase;
Debt pressure to grow as revenues shrink and debt-servicing costs climb;
Global trade shifts may reduce demand for African exports in Europe and Asia.
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