Strategic partnerships and investments that are key to the economic transformation of Africa CPI Financial | CPI Financial news

During a three-day visit this week, he met government officials and corporate leaders from the private and public sectors 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 A.M. Kaag, Minister for Foreign Trade and Development Cooperation, in The Hague, on August 29, told Adesina about investing in Africa and praised the Netherlands for his support, which has extended to legal systems, water, food and nutrition and gender. He also congratulated the government on its development policy, which emphasizes global vulnerability, gender and climate.

"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.

Kaag said that the adoption of renewable energy by a growing number of African countries was a key element to reduce the fragility 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", according to the minister.

A similar point, Peter van Mierlo, Chief Executive Officer of the Dutch finance company for development (FMO), called for more harmonization between the work of FMO and the bank in the field of energy, agriculture and institutional investments. President Adesina met him and other officials on the same day.

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

Commercial banks are withdrawing from trade finance and as such FMO and African Development Bank could work together to stimulate trade finance, said Mierlo. Currently joint projects between FMO and the bank are estimated at $ 55 million.

With a view to a high-level roundtable conference with Dutch business leaders, hosted by the RVO, on 29 August, Adesina presented the Africa Investment Forum (AIF), the bank's innovative marketplace scheduled for November 7 to 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 will invest $ 12 billion over the next five years with the aim of leveraging $ 40-50 billion. bank also invests $ 24 billion over ten years, in agriculture to implement the Feed Africa strategy, "said Adesina,

Susan Shannon, vice president of government relations, policy and international organizations for Shell, who attended the meeting, said that the move to cleaner and renewable energy in African countries has resulted in a higher level of oil giant involvement on the continent.

"Shell can work with the African Development Bank to expand access to energy in Africa," Shannon said.

On August 30 in Wageningen, at the Sustainable Development Goal Conference, Adesina repeated the Bank's call to end the hunger on the continent.

"What Africa does with agriculture determines the future of food in the world," he 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, farming can become a business and the issue of nutrition Africa can feed itself in 10 years and contribute to feeding the world in the coming years. "

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