Africa Day to be Celebrated at African Development Bank Annual Meetings in Busan

AfDB President Aki Adesina meeting with Korea Deputy Prime Minister and Minister of Strategy and Finance, Kim Dong-yeon, March 13th, 2018 - Busan, Korea.
7 May 2018
Content from our Premium Partner
African Development Bank (Abidjan)

For the first time, the African Development Bank will celebrate Africa Day - the annual commemoration of the foundation of the Organisation of African Unity (now the African Union), on May 25, 1963 - at the Bank's Annual Meetings in Busan, Korea.

"One unique aspect of the Annual Meetings this year is the celebration of Africa Day, a diplomatic event that African Ambassadors based in Korea will highlight" during the closing ceremony of the meetings, the Bank Group's Secretary General, Vincent Nmhielle, said.

The Secretary-General made the remarks while sharing key information on the 2018 Annual Meetings with journalists and media practitioners from Africa and abroad.

The theme of the Annual Meetings is "Accelerating Africa's Industrialization". During the Meetings, the Boards of Governors, the highest decision-making and oversight organ of the Bank, will review the Bank's Annual Report on the finances, operations and other activities of the institution during the preceding year, he said.

The Governors, usually Finance Ministers or Central Bank Governors representing the 80 member countries of the Bank Group, will also adopt resolutions on key decisions and conclusions of their deliberations. They will discuss the Bank's enabling role in the attainment of the Sustainable Development Goals and related operations funding programs.

There will also be a series of knowledge events to generate new ideas for financing Africa's industrialization.

After the formal opening ceremony on Wednesday, May 23, the Governors will hold their first, second and third statutory meetings (May 23-25), followed by the release of the official communiqué and records of the deliberations ahead of the closing ceremony.

Alassane Haidara, a Manager in the Bank's Private Sector, Infrastructure and Industrialization Complex, said the Bank's Industrialization Strategy is hinged on six flagship programs: direct investment in power and infrastructure; capital market development for small and medium enterprises (SMEs); support to entrepreneurship; partnerships; and industrial clusters.

For more information on the 2018 Annual Meetings, visit

Official hashtag: #AfDBAM2018

Download the Bank's Industrialize Africa brochure:

AllAfrica publishes around 800 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.