Africa is open, ready to do business – Adesina – The Mast Online

AFRICAN Development Bank (AfDB) President Akinwumi Adesina has told the Dutch government and business leaders that Africa is open and ready to do business.

And Adesina says that the biggest agenda of the Bank is to unlock the agricultural potential of Africa. Adesina said this in the Netherlands where he was last week for a three-day visit to fight for extensive partnerships and investments in Africa. He met with government officials and business leaders in the private and public sector and confirmed the agreement between the Bank and the development agenda & # 39; s and the foreign policy of the Dutch government.

During a meeting with Sigrid Kaag, Minister of Foreign Trade and Development Cooperation, last Thursday in The Hague, Adesina spoke about investing in Africa and praised the Netherlands for his support, which has extended to legal systems, water, food and nutrition and gender.

"Africa is growing economically, foreign direct investment is increasing, due to political stability and improved governance, and Africa is open and ready to do business," said Adesina.

And Kaag said that the adoption of renewable energy by a growing number of African countries was a key element to reduce the vulnerability of countries and to combat climate change, and said that this closely matches the policy of its government.

"I am happy to see where we can work together on gender, fragility and conflict prevention in countries in Africa," Kaag said.

Managing Director of the Dutch Development Financing Company (FMO) Peter van Mierlo argued for a greater alignment between the work of FMO and AfDB in the field of energy, agriculture and institutional investments during a separate meeting with Adesina.

"An advantage for Africa is that it can skip development cycles that often had to endure developed countries," Mierlo said.

"Commercial banks are withdrawing from trade finance and as such FMO and African Development Bank could work together to stimulate trade finance."

Currently joint projects between FMO and the bank are estimated at $ 55 million. During a speech at a high-level roundtable conference with Dutch company leaders, hosted by the RVO, Adesina presented the Africa Investment Forum (AIF), the innovative marketplace of the bank, scheduled for November 7 and 9 in Johannesburg, South Africa.

The AIF will bring together project sponsors, lenders, fund managers and investors to attract investment and capital for development projects in Africa.

"Our role is to mobilize capital for Africa, which we have done through the High 5 agenda, and in the energy sector the African Development Bank is investing US $ 12 billion over the next 5 years, with the aim of leveraging US $ 40-50. The bank also invests US $ 24 billion, over a ten-year period, in agriculture to implement the Feed Africa strategy, "Adesina said.

He also reiterated the call of the Bank to end the hunger on the continent during the Sustainable Development Goal Conference.

"What Africa does with agriculture determines the future of food in the world," Adesina said. "The biggest agenda we have is how we can unlock the agricultural potential of Africa: if Africa can get the right technology to increase productivity, savannahs can be transformed, agriculture can change into a business and the problem of nutrition to tackle … (it) can feed itself in 10 years and contribute to nourishing the world in the coming years. "

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