MozYouth participates in the 16th edition of Pitch Bootcamp
AfDB says Portugal making available € 400 million for Portuguese-speaking African countries
2:44 CAT | 13 Mar 2019
Photo: O País
Speaking at Mozambique’s 16th Annual Private Sector Conference (CASP), the vice president of the African Development Bank, Mateus Magala, said the AfDB was the answer to private sector financing in Africa.
“For the African Development Bank, our delivery in Mozambique must be structured to serve these objectives,” Magala said, adding that the bank’s vision was one of industrialising Mozambican agriculture through the development of special agricultural and economic zones.
The AfDB’s Vice President for Corporate Services and Human Resources said that the bank has already made available 400 million Euros within the framework of the Lusophone Compact for the Development of Portuguese-speaking African Countries. That amount will go to 25 projects already presented by the Office of Business Support of the Confederation of Economic Associations, in the areas of education, tourism, energy, agriculture and infrastructure.
“The bank is promoting, with the five Portuguese-speaking African countries, Equatorial Guinea and Portugal, a new platform for channelling investments in private and public-private partnership structuring projects,” Magala said.
President of the African Development Bank Akinwumi Adesina is promoting an initiative to establish and promote the African Investment Forum as a way to create a continental shelf and investment and transaction market in Africa.
By Hélia Chopo
Source: O País
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