• Home
  • Business
  • DR Congo: AfDB President Adesina supports infrastructure projects
Image

DR Congo: AfDB President Adesina supports infrastructure projects

African Development Bank President Dr. Akinwumi Adesina in his two-day visit to the Democratic Republic of Congo concluded with high-level discussions on advancing strategic development projects in the country.

During the visit, Dr. Akinwumi Adesina engaged in a breakfast meeting with key cabinet ministers, including Aimé Boji Sangara (Minister of State in charge of Budget), Julien Palulu (Minister of Industry), José Mpanda (Minister of Agriculture), and Olivier Mwenze (Minister of Water Resources and Energy).

Officials presented sector-specific strategic plans during the meeting, expressing a strong desire for close collaboration with the pan-African development institution.

Adesina commended these strategic priorities and recalled DRC flagship ventures like INGA hydropower and the Kinshasa-Brazzaville bridge. He reiterated the Bank Group’s commitment to effectively support government efforts on agriculture transformation, regional integration and other vital areas for rapidly improving Congolese lives.

Adesina also met with President Tshisekedi on January 21st for a bilateral discussion on bank support for the government’s priorities and other issues. 

The previous day, Adesina joined over 20 heads of state and other prominent dignitaries at the “Stade des Martyrs” Stadium in the capital city, Kinshasa for the official swearing-in ceremony of President Tshisekedi’s second term in office. 

As of September 30, 2023, the African Development Bank’s active portfolio in the Democratic Republic of Congo consists of 27 operations valued at approximately $1.458 billion. The portfolio is predominantly allocated to the transport and ICT sectors (37%), energy (19%), water and sanitation (16%), and agriculture (18%). Governance, finance, and social sectors each account for 2% of the portfolio.

source: afdb

Related Posts

Ghana: Stanbic team holds discussions with Chinese Ambassador on Ghana China trade

The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, along with several Senior Executives of the bank, convened…

Kenya: Jubilee Insurance FY 2023 net profit jumps 29% to Ksh. 439 million

Jubilee Health Insurance has announced a notable achievement, reporting a profit after tax of Ksh. 438 million for…

Titilayo Yetunde Olusanya adjudged Woman CFO of the Year for Public Sector

Mrs. Titilayo Yetunde Olusanya, Director of Finance Management and Control at the National Information Technology Development Agency (NITDA),…

Ghana: Guinness Breweries PLC introduces Learning for Life Program to promote inclusion

In collaboration with the Youth Employment Agency, the Ghana Tourism Authority, and the Diageo Bar Academy, Guinness Ghana…