https://en.sputniknews.africa/20240723/arab-african-leaders-join-forces-for-development-1067604774.html
Arab, African Leaders Join Forces for Development
Arab, African Leaders Join Forces for Development
Sputnik Africa
Since its establishment in 1974, the Arab Bank for Economic Development in Africa (BADEA) has been a driving force in promoting economic development across the... 23.07.2024, Sputnik Africa
2024-07-23T12:39+0200
2024-07-23T12:39+0200
2024-07-23T13:04+0200
sub-saharan africa
nana akufo-addo
ghana
west africa
african union (au)
development
bank
arab league
cooperation
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The African Union (AU) and the Arab Bank for Economic Development in Africa (BADEA) have announced a new partnership to accelerate development across the continent. The Arab-Africa Financial Consortium (AAFC), launched during the 6th AU Mid-Year Coordination Meeting in Accra, Ghana, aims to unlock significant financial resources for Africa's progress.Ghanaian President Nana Akufo-Addo, speaking at the launch, highlighted the critical role of collaboration between Africa and the Arab world in overcoming complex challenges.He praised BADEA's unwavering commitment to Africa's development over the past five decades and called for a united effort to build on past successes and address future challenges.For his part, Fahad Aldossari, chairman of BADEA's Board of Directors, affirmed the AAFC's commitment to promoting rapid development in Africa over the next 50 years.
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nana akufo-addo, ghana, west africa, african union (au), development, bank, arab league, cooperation
nana akufo-addo, ghana, west africa, african union (au), development, bank, arab league, cooperation
Arab, African Leaders Join Forces for Development
12:39 23.07.2024 (Updated: 13:04 23.07.2024) Muhammad Nooh Osman
Writer/Editor
Since its establishment in 1974, the Arab Bank for Economic Development in Africa (BADEA) has been a driving force in promoting economic development across the African continent. The institution has financed numerous critical projects in key sectors such as infrastructure, agriculture, and education.
The African Union (AU) and the Arab Bank for Economic
Development in Africa (BADEA) have announced a new partnership to accelerate development across the continent. The Arab-Africa Financial Consortium (AAFC), launched during the 6th AU Mid-Year Coordination Meeting in Accra, Ghana, aims to unlock significant financial resources for Africa's progress.
Ghanaian President Nana Akufo-Addo, speaking at the launch, highlighted the critical role of collaboration between Africa and the Arab world in overcoming complex challenges.
"We face complex and multifaceted challenges today, from economic uncertainties and geopolitical tensions to the impacts of climate change. We need such strong partnerships to leverage our collective strengths to surmount these challenges," Ghanaian President Nana Akufo-Addo said at the meeting.
He praised BADEA's unwavering commitment to Africa's development over the past five decades and called for a united effort to build on past successes and address future challenges.
"Let us build on the successes of the past and work together to address the challenges of the future. Let us strive to create a more prosperous, inclusive, and sustainable future for all our peoples," the Ghanaian president urged.
For his part, Fahad Aldossari, chairman of BADEA's Board of Directors, affirmed the AAFC's commitment to promoting rapid development in Africa over the next 50 years.
"BADEA will spare no effort in ensuring this consortium succeeds in realizing the vision of Arab-African financial institution collaboration and coordination for leveraging resources for the continent," added Aldossari.
