African Development Bank holds Business Opportunity Seminar to foster partnerships that support Africa’s transformation

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To effectively support investment in infrastructure and human development projects, the African Development Bank (AfDB) organised a Business Opportunity Seminar (BOS), focused on strengthening and fostering the engagement of the business sector and of other stakeholders.

Participants including private-sector representatives, civil works contractors, local manufacturers, suppliers, small and medium-sized enterprises (SMEs), and government representatives, took part in presentations and interactive sessions on the Bank’s vision for Africa’s economic development, operational priorities, business processes and procurement guidelines.

Bank officials at the two-day seminar also facilitated dialogue sessions on ongoing projects, financial products, business opportunities and programmes available to public, private, and social enterprises.

Delivering the first presentation on the Bank’s strategies and policy parameters for partnerships and project financing, a Senior Policy Specialist, Hassanatu Mansaray, said: “In every investment we make, the Bank’s due diligence teams look at the economic viability and development impact of the project or programme”.

The Manager, Resource Mobilisation and Partnerships, AfDB, Valerie Dabady, also said the institution’s capacity to link public-sector needs with private sector expertise, technology and resources was unrivalled on the continent.

Participants at the seminar affirmed that the Bank’s ethical business model is responsible for the successful financing, execution and delivery of its infrastructure and human development projects.

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