Speech by AfDB president to Annual Assembly

The president of the African Development Bank, Akinwumi A. Adesina, in his speech at the Annual Assembly session, on 12th June, said that African leaders must think big, We are not dealing with what we can do in Africa, but what Africa deserves. Africa needs you and AfDB also needs you in order to achieve greater results for development”.

The AfDB president also spoke about the economic situation in Africa, and reported on activities by the bank to exchange opinions on the theme of regional integration on order to prioritise African industry, This year is crucial to the integration of Africa, so that in enclave countries where investors do not want to invest, Africa must look after itself and united will be invincible and exemplary; and thank you to President Obiang Nguema for hosting this assembly. I would like to take this opportunity to congratulate you on you appointment to the Trust Fund”.

Through my stay in Malabo I have seen the dynamism and entrepreneurial capacity of young Equatoguinean entrepreneurs. Equatorial Guinea has favourable land, water, adorable conditions for the planet, such as the forests in the subregion for the preservation of climate change; we have the example of what has happened in Zimbabwe. The new free trade zone will contribute towards eliminating customs duties and accelerating economic integration in Africa, which will help the Central Africa region. The AfDB is helping with the integration of development in Cameroon, Congo, Chad, Central African Republic, Senegal and Gambia, because our ambition is that the free trade zone is a success, which will also help to contribute towards the development of the African continent”, he added.

However, he also warned that there was much to do, as it was still necessary to integrate the 51 countries, and we must eliminate barriers to the acceleration of integration on the African continent, We have hardly begun, and the AfDB has contributed towards financing various projects in the Region of West Africa, in Senegal, Namibia, Botswana, Zimbabwe, Zambia and in Egypt, Casa Blanca, Lagos and Tanzania. Regional integration is pointless if there is no investment in women in Africa, because when women win, Africa also wins, and we need to ensure this finance, we give huge importance to the quality of projects and the classification of transfers; this allows the use of instruments. We do not mean only money, but the impact on development”.

He also reported that the AfDB had obtained positive results, with figures that have improved the lives of Africans, And it is necessary to continue in order to obtain better results for Africa and for Africans. We are pleased with the results of the consultation meeting from yesterday, which were important. Efforts towards African integration must be recognised, and we are sure to obtain good results; African leaders must think big; We are not dealing with what we can do in Africa, but what Africa deserves. Africa needs you and AfDB also needs you in order to achieve greater results for development”.

Source: Equatorial Guinea Press and Information Office

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