Home News Abu Dhabi Fund, AfDB ink deal to boost investments in Africa

Abu Dhabi Fund, AfDB ink deal to boost investments in Africa

by Dubai Forum
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DUBAI / WAM

Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding (MoU) with the African Development Bank (AfDB), aimed at strengthening cooperation over investment in strategic sectors in Africa that would sustainably drive socioeconomic development in the continent, while also achieving the UAE’s development- financing goals for developing countries.
The MoU was signed by Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund; and Dr Akinwumi Adesina, the President of African Development Bank; in the presence of other officials from both sides.
Al Suwaidi said, “We are delighted to enter into a pact with African Development Bank, which shares our values and objectives. The MoU represents ADFD’s keenness to drive development in Africa. The strengthening of our collaboration with AfDB will help us accelerate development process and mobilise funds across the continent.”

DF

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