29 April 2012

Tanzania: Arusha Readies for AfDB Meeting

Arusha — Preparations to host the African Development Bank (AfDB)meeting in Arusha, Tanzania are on going with Arusha International Conference centre investing $30m in an expansion programme, an official has said.

"The Tsh442m project under execution is the rehabilitation of the AICC complex which comprises rehabilitating the conference and office rooms for the ADB meetings and works are expected to be completed beginning of May," said the AICC Managing Director Elishilia Kaaya.

He said the ADB meeting will attract over 2,500 participants including more than 300 international journalists to Arusha where the bank intends to launch new efforts to re-brand the image of the African continent.

Arusha is hosting the 2012 African Development Bank Group (AfDB) Meeting to from May 28 to June 1 which is set to debate Africa's growth economy and its place in emerging global landscape

The conference's theme will be 'Africa and the Emerging Global Landscape: Challenges and Opportunities.'

The meeting will also cover the changes that have affected the world including the global financial and economic crisis and a stronger emphasis on green and economic inclusive growth.

Africa, too, is undergoing change, particularly as its economies continue to grow at a faster pace than other parts of the world, while its political situation also changes for the better, with more democracy and good governance.

The continent also faces the challenge of providing a better future for its youth, which accounts for some 37% of the population.

Because of the broadness of the Annual Meetings theme, the AfDB will address the different issues in four High Level Seminars and a High Level Debate, attended by some of the most distinguished and finest thinkers on the African economy, African society and the African political landscape.

The subjects of the four High Level Seminars include, 'Opportunities and Threats of the Global Economic Crisis,' 'Emerging Issues in African Economics,' 'Greening the Economy' and 'Voice and Accountability

The High Level Debate will be on Innovative Financing of Infrastructure and Regional Integration post the Economic Crisis These topics will address the opportunities presented by the changing landscape catapulting African economies as key players in the global market.

Together, they look at the challenges that paved the road and the many opportunities toward the realization of strong, inclusive and sustainable economic growth for Africa.

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