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Tuesday, 14 November 2017

Portugal: AfDB President calls for partnerships

The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has called for more partnerships to accelerate development of the African continent. “Africa is now the place to be,” he told businessmen and representatives of the Portuguese private sector, during a roundtable co-chaired with Teresa Ribeiro, Portugal’s State Secretary in charge of Foreign Affairs and Cooperation and Vice-Governor of Portugal to the AfDB and the African Development Fund. “We need your vast experience, your knowledge of the field and your expertise, especially in public-private partnerships to increase our chances of achieving our five priorities and accelerate the development of the African continent,” Adesina added, before inviting those present to the Africa Investment Forum that the Bank is hosting in November 2018. Adesina made the statement during a two-day working visit to Lisbon, Portugal, from November 13 to 14, 2017, at the invitation of the Portuguese authorities. He was accompanied by the Bank’s Executive Director for Portugal, Catherine Cudré-Mauroux. Mario Centeno, Minister of Finance and AfDB Governor for Portugal, was the first to meet with the President of Africa’s premier development finance institution and welcomed his visit to Lisbon. “Africa is at top of Portugal’s bilateral and multilateral engagement, and AfDB is at the forefront of that engagement. This augurs well for the strengthening of our successful partnership, which has existed since December 1983,” the Minister said. Portugal intervenes primarily in infrastructure, water and sanitation and renewable energy sectors in operations mainly located in the Lusophone countries on the continent (Angola, Cabo Verde, Guinea Bissau, Mozambique, and São Tomé and Príncipe).

Source: African Development Bank Group