Strategic partnerships, investments Key to Africa & # 39; s transformation, says AfDB

The president of the African Development Bank (AfDB), Akinwumi Adesina, has spoken out for more partnerships and investments in Africa to the Netherlands. The AfDB boss who paid a three-day visit last week met with government officials and business leaders in the private and public sector and endorsed the agreement between the Bank and the development agenda and the foreign policy of the Dutch government.
According to a statement, in a meeting with the Minister for Foreign Trade and Development Cooperation, in The Hague, Sigrid A.M. Kaag, Adesina spoke about investing in Africa and praised the Netherlands for his support, which had 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," said the minister.
With a similar point, the Chief Executive Officer of the Dutch Development Finance Company (FMO), Peter van Mierlo, pleaded for a better match between the work of FMO and the Bank in the field of energy, agriculture and institutional investments.
Currently joint projects between FMO and the bank are estimated at US $ 55 million.

In addition, Adesina presented the Africa Investment Forum (AIF), the innovative marketplace of the bank that is scheduled for November 7-9 in Johannesburg, South Africa, with a discussion of a high-level round-table discussion with Dutch company managers, organized by the RVO.
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 five years with the aim of leveraging US $ 40-50. billion.
The bank also invests US $ 24 billion, over ten years, in agriculture to implement the Feed Africa Strategy, "said Adesina,
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. "

Source link

Leave a Reply