Public Management

UN Secretary General, African Development Bank President agree to strengthen ties and push development agenda in Africa

UN Secretary General, African Development Bank President agree to strengthen ties and push development agenda in Africa
Wednesday, 01 May 2019 15:25

Development impact on the continent and security in the Sahel were among the top issues discussed in a recent meeting between United Nations Secretary General António Guterres and African Development Bank President Akinwumi Adesina in New York.

Both leaders agreed that current efforts must succeed in Africa, or risk failing globally, and emphasized the need for deeper collaboration between their institutions to achieve the Sustainable Development Goals.

Guterres signaled his strong support for the African Development Bank’s flagship ‘Desert to Power’ initiative, which is expected to provide electricity to 250 million people. He also offered to convene a special global meeting on Lake Chad, in consultation with Nigeria’s President Muhammadu Buhari.

The “Desert to Power” program, a $10 billion initiative to build a 10 GW solar zone across the Sahel—the largest in the world, aims to develop and provide 10 GW of solar energy by 2025 and supply 250 million people with green electricity including in some of the world’s poorest countries.

According to Adesina, “Secretary General Guterres and I had a highly productive engagement and committed to enhance strategic and operational partnerships between the UN and the African Development Bank. I am encouraged by the Secretary General’s generous support for the Bank’s development initiatives, which we are certain will bear fruit across the continent.”

The two heads of institutions met following Adesina’s trip to the United States for the World Bank’s annual Spring meetings held in Washington DC.

Adesina also briefed the Secretary General about ongoing discussions on the Bank’s General Capital Increase (GCI-7), designed to address Africa’s growing lending demands. The Secretary General committed to advocate “for the mobilization of adequate resources in order to further the Bank’s development goals.”

Guterres and Adesina also discussed the Bank’s inaugural Africa Investment Forum, held last year in Johannesburg, South Africa, where projects worth US$38.7 billion secured investment interest. The Secretary General accepted the Adesina’s invitation to participate in the 2019 edition of the event, to be held in November in South Africa.

35016 UN Secretary General

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EGX is consulting on a revised trading schedule, extending the close to 3:00 PM and adjusting the opening to increase overlap with Gulf...
Scheme helps banks finance farming, processing and exports deemed too risky Agriculture accounts for just 3.95% of private sector bank lending...
Kenyan banks face a potential $800M payout after courts ruled unapproved interest rate hikes illegal, reinforcing consumer protection...
Senegal raises 560 billion CFA francs in final 2025 bond sale Issuance exceeds target, reflecting strong demand despite fiscal...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
03

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...

MTN MoMo, Mastercard Partner in Zambia to Boost Global Payments
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.