VISION FOR
THE CONTINENT
FINANCIAL CONSOLIDATION
AND STRATEGIC EXPANSION
Under the presidencies of Donald Kaberuka and then Akinwumi Adesina, the African Development Bank has undergone periods of financial consolidation and strategic expansion. These efforts have enabled the Bank to consolidate its financial base and increase its interventions to finance infrastructure essential to Africa’s growth, such as roads, energy and ports. Building on these successes, the AfDB will need to consolidate existing gains while adopting a proactive approach to broaden its impact. This will involve increasing the financing granted by strengthening partnerships with multilateral institutions such as the International Monetary Fund (IMF) and the World Bank, as well as with bilateral players, and developing domestic financial markets to mobilize savings on the African continent. This strategy aims to consolidate the AfDB’s role as a driving force for economic development in Africa.
for a
dynamic Africa
FOCUS ON SOCIAL, ENVIRONMENTAL
AND EDUCATIONAL SECTORS
A flourishing Africa rests on solid foundations in the social and educational sectors. These areas must be a priority to ensure sustainable and inclusive growth. This means mobilizing more resources for the educational and social sectors, as well as for environmental protection and adaptation to climate change. Investing in these sectors will create economic opportunities for young people by offering prospects for the future on the continent. This is a key priority for ensuring a prosperous future for Africa.
for a
fulfilled and
sustainable Africa
RAW MATERIALS PROCESSING
AND LOCAL INDUSTRIALIZATION
One of the AfDB’s priorities will be the transformation of raw materials and local industrialization. Africa has enormous economic potential that can be unlocked by creating local raw material value chains. By promoting local industrialization, this will increase the added value produced on the continent and create labor-intensive jobs. This approach will enable Africa to diversify its economy and reduce its dependence on exports of raw extractive resources.
for a
prosperous Africa
STRENGTHENING REGIONAL INTEGRATION
AND INTRA-REGIONAL TRADE
Regional integration in Africa is crucial to stimulate economic growth and development. To this end, it is imperative to vigorously support the establishment of the African Continental Free Trade Area (AfCFTA) to foster regional economic integration. To strengthen intra-regional trade, it is necessary to develop cross-border projects such as the construction of road infrastructure, bridges and fiber optic networks, which will accelerate trade and encourage inclusive and sustainable economic growth. This will involve the free movement of goods across the African continent and the free movement of people. Working closely with African governments, regional interconnections and customs processes will need to be improved to promote smoother, more efficient trade, enabling African companies to fully exploit the continent’s business opportunities.
for a
connected Africa