The African Development Bank has partnered with the European Investment Bank to boost investment in Africa. This was finalized on Wednesday as they signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa.
AfDB said this in a statement titled ‘African Development Bank, European Investment Bank sign joint partnership action plan to fast-track development in Africa’.
The plan enabled both institutions to grow a shared pipeline of bankable projects around key complementary themes to which each institution would bring their comparative advantage.
It stated that, “These themes are: climate action and environmental sustainability; transformative large-scale quality infrastructure investment; Information and Communication Technology infrastructure and services; Financial inclusion with a gender lens aimed at the empowerment of girls and women; education and training; and the health sector