The Bank provided updated information on its procurement plan and contractual policies, as well as on procedures for accessing business opportunities for companies or projects
ABIDJAN, Ivory Coast, June 2, 2025/APO Group/ --
On the fourth day of the African Development Bank Group’s (www.AfDB.org) Annual Meetings in Abidjan (http://apo-opa.co/3ZcPGZZ), a seminar on business opportunities with the Group brought together private-sector players from 40 African countries and led to constructive exchanges with Bank officials.
The African Development Bank Group's Business Opportunities Seminar brought together private-sector players from 40 countries across the continent
"Africa will not develop without a robust private sector. This seminar should give you a better understanding of how the Bank operates and how to work with us," Gauthier Boulard, Senior Director of Resource Mobilization and Partners at the African Development Bank, told participants.
During the seminar, the Bank provided updated information on its procurement plan and contractual policies, as well as on procedures for accessing business opportunities for companies or projects. Information was also shared on procurement rules, integrity and corruption.
"With regard to our Ten-Year Strategy 2024-2033 (http://apo-opa.co/4jANgMb), we expect to have to finance more transformative projects, i.e. projects that bring about change in the market in which they take place.... We are ready to support the private sector," said Ronald Rateiwa, Senior Strategy, Policy and Infrastructure Officer at the African Development Bank.
Cheikh Ibra Faye, Director of Faye Groupe Services, a company active in Senegal, Mali and Côte d'Ivoire, commented: "I have just learned important information that I've been looking for for a year. I have a plan to replace West Africa's urban vehicle fleet with vehicles powered by renewable energy, and I'd like to know what support is available from the African Development Bank," he said.
Aude Apetey-Kacou, Manager of Private Sector Operations for West Africa at the Bank, responded: "The Bank finances urban transport. So the fleet project meets one of our criteria. We would then need to discuss the project in a different setting, to find out more about its structure, the current state of financing and the progress of the studies already carried out, so that we can make a decision."
The creation of characteristically African social media, setting up biometric laboratories to combat cervical cancer, satellite imagery and the financing of small and medium-sized enterprises were just some of the projects brought to the attention of the Bank's management by private-sector players.
"Health is a key sector that the Bank intends to support and is already involved in. There are other sectors that are just as important, and we'll have the opportunity to talk about them again," confirmed Boris Honkpehedji, Senior Manager of Private Sector Operations at the African Development Bank.
As of 31 December 2024, the African Development Bank Group's investment portfolio had devoted 46% of its financing to the financial sector, 16% to energy, 15% to industry, 9% to transport, 9% to agriculture and social affairs, and 5% to multi-sector projects.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Al-Shabab is nothing but a faithless and ruthless mafia who initially (not now)deceived the vulnerable unsuspecting and less sophisticated Somalis with the usual symbols of Islam- turbans and beads.
They are the worst and most dangerous criminals ever existed not only in the Horn region but in the entire continent of Africa and should, therefore, be treated and dealt with as such and without mercy.
They are the worst disease ever visited that part of the world and every effort should be made to eradicate them.
Btrother Ali
I agree with you Al-Shabab and the new Wahabbism that is taking over both Somalia and Somaliland are evil imports and have no place in our loving, caring, forgiving Islam we had for almost 1500 years. I hate fighting but i say these mosnsters shouldl be fought and defeated at all costs. They are murdering monsters and May Allah bring down his eternal wrath on them. Amen
Sanyare
Al-shabab siday doonaan haw xumaadeene, waxay umadda ka qabteen qoladan WFP marka soomaalida iyo afrikaankaba arkaan inay isku filaasho gaadhayaan, ka soo dul dejiyaan toban markab oo cunto ah.
Bal u fiirsadoo markay abaaruhu jiraan wax uma qabtaan dadka.
Ma xasuusataan Burco wixii ka dhacay sanad ama laba sano ka hor. Dadkii markay cunto heleen ayay ka soo dul dejiyeen sarreen.
According to this news and very few other others AlShabab are doing great, however, most of news are focusing on their negative aspect. To this day Western media and their proxies are against Alshabab. I am in the pinion that this movement needs to be given a time and support ultimately thy will learn. declaring a war will only deepen and shade innocent blood.
Even if they are responsible for this increase in food supply, it is minuscule in scale compared to the chaos, war and havoc they and many other internal and foreign actors have caused. They are not the only responsible group, any friction requires two opposite forces.
The UN and World Trade Organisation's policies, particularly the latter have caused a great deal of hunger across the world – this is not some Al-Shabab propaganda, it is a FACT. Dumping (cheap food imports to thirdworldcountries to boost western farmers) to take one of many examples is just how they cause hunger, poverty and long term dependency.
DO SOME RESEARCH OF YOUR OWN – LOOK AT 'DUMPING'.
you can always buy cheap foods on any supermarket these days because food production is mechanized already ,~`