President of the African Development Bank Dr. Akinwumi Adesina is in South Africa on a three-day official visit.
Dr Adesina will meet with South African President Cyril Ramaphosa, government official and the captains of the business industry. On the agenda, they will address a range of issues from global regional concerns and increasing trade and investments with the rest of Africa.
“On Friday, March 25 Adesina will be the keynote speaker ahead of a panel discussion organised by the African chapter of the Ambrosetti CEO Community. The African Development Bank chief will speak on the topic “Africa beyond Covid-19: a new era of opportunity,” reads the African Development Banks statement.
The bank says, “Dr Adesina will also meet with G7 ambassadors accredited to South Africa while in Johannesburg. One of the key subjects of their discussion will be the Just Energy Transition agenda for South Africa, a strategy which aims to make the evolution towards a cleaner and greener energy future for the country, as far as possible.”
The bank chief is not alone in South Africa, his with some senior officials from the African Development Bank, that includes Senior Vice President Bajabulile Swazi Tshabalala, Solomon Quaynor Vice President, Private Sector, Infrastructure & Industrialisation, Yacine Fal, Acting Vice-President, Regional Development, Integration, and Business Delivery, Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth and Director General for the Southern Africa region, Leila Mokaddem.
The banking group’s active portfolio in South Africa comprises 23 operations with a total commitment of about $4.5 billion in financing. Since 1997, the African Development Bank has invested nearly $7 billion in South Africa in energy and infrastructure.