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
Côte d’Ivoire signs $888 million deals at IMF-World Bank meetings Agreements target social sectors and $300 million energy...
Partnership with ANSER focuses on structuring and mobilizing financing Mechanism relies on phased funding tied to project...
Coris Bank International posted a 36% increase in net profit in 2025. The bank grew its customer base by 11.6% and deposits to CFAF 2,015.3...
Kenya has asked the World Bank for rapid emergency financing to cushion the economic shock from the war in Iran, Governor Kamau Thugge said...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
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.