Speech delivered by Dr. Akinwumi A. Adesina President, African Development Bank Group - US-Africa Business Summit, Marrakech Morocco, July 20, 2022

Your Majesty King Mohamed VI (May God Help and Bless Him),
Your Excellency President Mokgweetsi Masisi of Botswana,
Your Excellency, Kamala Harris, Vice President of the United States of America—thank you for joining us by video,
Your Excellency Nasser Bourita, Minister of Foreign Affairs of the Kingdom of Morocco,
Your Excellencies, Honourable ministers, ladies, and gentlemen,

Africa50 general shareholders meeting in Morocco call for global investments in African infrastructure

African Development Bank Group President and Chairman of the Africa50 Board of Directors, Dr. Akinwumi Adesina has highlighted the crucial role that Africa50 is playing to help bridge Africa’s infrastructure financing gap.
Adesina was speaking at the opening session of Africa50’s general shareholders meeting in Marrakech on Tuesday. He told delegates that Africa50 had invested $5 billion in 16 private-sector focused investments in six years.

The African Development Bank is supporting improvements to the power grid in the Comoros

The Comoros Energy Sector Support Project has helped improve the country’s power grid.
Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands (10% in Moheli, 50% in Anjouan and 60% in Grande Comore).