AfDB boss tours Mozambique, meets Nyusi

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Highlights:

Adesina was Principal Economist and Social Science Research Coordinator for the International Institute of Tropical Agriculture (IITA), Principal Economist and Coordinator of the West Africa Rice Economics Task Force at the West Africa Rice Development Association (WARDA) and an Assistant Principal Economist at the International Crop Research Institute for the Semi-Arid Tropics (ICRISAT). From 2008 to 2010, Adesina was the President of the African Association of Agricultural Economists.

http://www.clubofmozambique.com/

AfDB boss tours Mozambique, meets Nyusi

8:51 CAT | 04 Apr 2016

Devex (File photo) / Akinwumi Ayodeji Adesina formerly Nigeria minister of Agriculture and Rural development is the President of the African Development Bank Group. He was elected to the position on May 28, 2015 by the Bank’s Board of Governors at its Annual Meetings in Abidjan, Côte d’Ivoire. The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

The President of the African Development Bank Group, AfDB, Akinwumi Ayodeji Adesina, is in Mozambique for a two-day official visit, APA can report. An AfDB media statement emailed to APA on Saturday says the official is accompanied by a high-profile delegation and will be received by Mozambican President, Filipe Nyusi.

He will maintain working contacts with the Ministers of Economy and Finance, Energy and Mineral Resources, Agriculture and Food Security, and Lands, Environment and Rural Development as well as the Governor of the Bank of Mozambique.

The statement adds that it is also expected that Adesina will review projects and AfDB programs in the southern African nation during this visit whose primarily aim is to discuss possible areas of cooperation such as energy and food security.

In the context of the five priorities of the AfDB for African development, including light, food, industrialize, integrate and enhance the quality of life for Africans, the bank plans to create a fund to the energy sector in Africa of $12 billion over the next five years.

The AfDB also intends to mobilize about $50 billion from the private sector, to ensure universal access to electricity by 2025 in Africa.

The African Development Bank also plans to establish manufacturing partnerships for agriculture with the common goal of adequate food for Africa.

Since the beginning of its operations in Mozambique in 1977, the AfDB Group has contributed approximately $2 billion for 95 operations in Mozambique half of which was allocated to the transport sector and agriculture.

The current portfolio of the AfDB in Mozambique consists of 19 projects totalling more than $600 million.

Source: APA