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ECOWAS & AU Endorsements Highlight Adesina's Achievements at AfDB

Niger President Mahamadou who chairs the Economic Community of West African States (ECOWAS), has issued a statement reiterating support for the second-term candidacy of current African Development Bank (AfDB) President, Akinwumi Adesina. The letter highlights several initiatives launched under Adesina's tenure, including the Desert to Power Initiative, which builds on the successful completion of the world's largest solar plant in Morocco and seeks to develop 10,000 megawatts of solar energy to bring power to 250 million people. Other acheivements include securing the largest capital increase in the Bank's history; the success of the Bank's Technologies for African Agricultural Transformation (TAAT) programme; the launch of the Bank's transactional Africa Investment Forum (AIF), which in 2019 secured $40.1billion of investment interest in less than 72 hours; as well as the AfDB's financing of large and medium-scale infrastructure projects, which continue to transform the daily lives of millions of Africans. 

African Development Bank (AfDB) president Akinwumi Adesina with heads of the world’s largest multilateral development banks at the United Nations Conference on Climate Change in Paris, COP21, to discuss mobilizing and deploying climate finance to achieve real action on the ground in developing countries.

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African Development Bank Group (AfDB) Akinwumi Adesina on a visit to Blantyre, Malawi, in 2016, where he announced AfDB’s US $35 million drought response package and funding for projects to deal with food insecurity in Malawi.

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Africa Development Bank (AfDB) president Akinwumi Adesina with beneficiaries of the Lower Mangoky Irrigation Area Rehabilitation irrigation project funded by the AfDB in Lower Mangoky in south-western Madagascar. The project has led to a transformation of the Tanandava community with irrigated land increasing from 5,000 to 10,000 hectares and yields doubling from 2-3 to 5-6 tonnes per hectare.

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African Development Bank (AfDB) president Akinwumi Adesina taking a tour of the Medupi power plant, a green-field coal-fired power plant project located west of Lephalale, Limpopo Province, South Africa. Once completed, the power station will be the 4th largest coal plant in the southern hemisphere, and the biggest dry-cooled power station in the world.The Bank supports the project through a facility of EUR 1.86 billion signed in December 2009.

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African Development Bank (AfDB) president Akinwumi Adesina on his visit to the NOOR project, the largest concentrated solar thermal power plant in the world, in Ouarzazate, Morocco. AfDB was the main financial contributor to the NOOR I plant, with 28% of the total investment cost. In 2018, AfDB and the Masen (Moroccan Agency for Sustainable Energy) signed a letter of intent to join forces to roll out the Bank's "Desert to Power" initiative to produce 10GW of solar energy to bring 250 million people out of energy-deprived darkness.

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African Development Bank (AfDB) president Akinwumi Adesina on his visit to the NOOR project, the largest concentrated solar thermal power plant in the world, in Ouarzazate, Morocco. AfDB was the main financial contributor to the NOOR I plant, with 28% of the total investment cost. In 2018, AfDB and the Masen (Moroccan Agency for Sustainable Energy) signed a letter of intent to join forces to roll out the Bank's "Desert to Power" initiative to produce 10GW of solar energy to bring 250 million people out of energy-deprived darkness.

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  • Africa Investment Forum (AIF)

    Author:
    AfDB
    Publisher:
    AfDB
    Publication Date:
    30 April 2020

    Africa Investment Forum (AIF) 2019: Following a very successful inaugural event, the Bank secured more than USD 40 billion in investment interest in ... see more »

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