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Africa’s Infrastructure Dreams Squeezed by High Borrowing Costs, Says Finance Minister Oyedele

Africa’s Infrastructure Dreams Squeezed by High Borrowing Costs, Says Finance Minister Oyedele

Minister of Finance Taiwo Oyedele decried the “prejudice premium” and “stereotype tax” African nations face when seeking capital for vital development projects. High financing costs and currency risks are major roadblocks, he stated at the UN.