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Aid doesn't develop nations but disciplined investment – AfDB boss | Africanews - 2 months ago, 9 Nov 10:18

By: Abdur Rahman Alfa ...

Akinwumi Adesina, president of the African Development Bank, AfDB, has underscored that disciplined investment was the only sure way for countries to develop and not through aid.

Adesina was speaking on the first day of the historic Africa Investment Forum, AIF, currently underway in South Africa’s Sandton Convention Center in Johannesburg.

An AfDB statement described the forum as the first ever transaction-based Forum, “This is not an event. It is a platform where governments, private sector, investors, and project promotors come together. We develop quality bankable projects, de-risk them and actually make sure it happens,” Adesina said.

“We are committed to fast track development. We know countries do not develop from aid but by the discipline of investment. We require broad-based partnerships and collective effort with the private sector and institutional investors,” he further noted.

He generally tasked stakeholders from governments, international organizations and other partners to join hands to seize the opportunity ...
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