Trump demands AfDB clean-up as Kenya's loan billions expose graft

A US Treasury report reveals that 83 per cent of AfDB’s sanctioned cases involved fraud, with Kenya identified as a top beneficiary of loans and a primary source of corruption complaints...

✨ Key Highlights

A confidential US Treasury report has called for an urgent governance overhaul at the African Development Bank (AfDB), citing widespread fraud. The report reveals that Kenya, a significant beneficiary of AfDB loans, is also a primary source of corruption complaints, with 83% of sanctioned cases involving fraud.

83%: The percentage of AfDB’s sanctioned cases that involved fraud, according to the US Treasury report.
African Development Bank (AfDB): The institution facing demands for governance clean-up.
Kenya: Identified as both a top beneficiary of AfDB loans and a primary source of corruption complaints.