The African Development Bank wants to establish closer collaboration with the United Arab Emirates
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Denys Bédarride
Thursday 31 March 2022 Last update on Thursday, March 31, 2022 At 6:00 AM

The President of the African Development Bank Group, Akinwumi A. Adesina, arrived on March 29 in Dubai, where he begins a three-day official visit to the United Arab Emirates.

The Bank Group President will meet with H.H. Sheikh Maktoum Bin Mohammed Al Maktoum, Minister of Finance of the United Arab Emirates.

Akinwumi A. Adesina will also have bilateral meetings with other senior government officials and leaders of parastatals. He will notably meet with the Minister of State for International Cooperation, HE Reem Al Hashimy – who is also the CEO of Expo 2020 Dubai – and the Minister of State for African Affairs, HE Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan.

The visit will focus primarily on strengthening ties and establishing closer collaboration between the African Development Bank and the United Arab Emirates.

“We are keen to see the UAE become a valuable partner and an important investor in Africa,” Mr. Adesina said, adding, “There are many things the African Development Bank and the UAE can do together. . »

Given the strong push the African Development Bank is giving to infrastructure financing on the continent – ​​among its other equally important priority areas – Akinwumi A. Adesina will meet the CEO of Dubai Ports World, H.E. Sultan Bin Sulayem. Dubai Ports World is the largest port operator, operating at 78 marine and inland terminals in over 60 countries. The African Development Bank has been actively involved in financing port infrastructure projects in Africa.

Renewable energies should be a potential area of ​​interest for joint investments. The United Arab Emirates has made significant progress in green growth and renewable energy.

The Bank is one of the main cofinanciers of the Desert to Power initiative in the African Sahel, a project that will connect 250 million people to electricity by harnessing the region’s abundant solar resources.

The President of the African Development Bank Group will also visit the Abu Dhabi Fund for Development.

As Expo 2020 Dubai wraps up this week and attracts visitors from around the world, Akinwumi A. Adesina will tour the expo and visit the pavilions of the United Arab Emirates, the African Union and Nigeria.

Source African Development Bank

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