The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d’Ivoire, and the completion report of the Bank’s 2018-2022 Country Strategy Paper (CSP)
ABIDJAN, Ivory Coast, August 1, 2022/APO Group/ —
The African Development Bank (www.AfDB.org) and the government of Côte d’Ivoire initiated a preliminary dialogue in Abidjan on July 18-22, 2022, to lay the foundations for the Bank’s strategy in Côte d’Ivoire over the next five years.
Led by the Bank’s Deputy Managing Director for West Africa, Joseph Ribeiro, the Bank’s delegation held weeklong discussions with various stakeholders and partners in Côte d’Ivoire, including senior government officials from the Prime Minister’s office, the Ministry of Planning and Development, Ministry of Economy and Finance, and technical departments of the main ministries concerned with the Bank’s work in Côte d’Ivoire. Technical and financial partners of Côte d’Ivoire also took part in the meetings, as did representatives of the Ivorian private sector and civil society.
The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d’Ivoire, and the completion report of the Bank’s 2018-2022 Country Strategy Paper (CSP) (https://bit.ly/3zg0B7e) for Côte d’Ivoire, which expires at the end of the year. The dialogue also included a performance review of the portfolio of projects financed by the Bank in Côte d’Ivoire during 2022. Lessons were learnt regarding cooperation between the Bank and Côte d’Ivoire, and a number of strategic and operational recommendations were formulated with a view to improving future projects.
“Côte d’Ivoire is a strategic partner of the Bank and this dialogue with government and other stakeholders has enabled a complete diagnosis of our actions in Côte d’Ivoire and identification of strategic directions for the future Country Strategy Paper, which will cover the period 2023-2027 and will be linked to priorities of the government’s National Development Plan for 2021-2025,” Ribeiro said.
“The Bank has successfully adjusted its interventions through the use of more appropriate tools and mechanisms, as shown by the Covid-19 Rapid Response Facility, which provided a cycle of general and sectoral support for the national budget, and the Emergency Food Production Programme, which provides FCFA 96 billion ($159.33 million) of budget support to deal with consequences of the crisis in Ukraine,” said the head of the office of the Minister of Planning and Development, Yéo Nahoua, who led the Ivorian delegation.
From right to left, Joseph Ribeiro, Deputy Managing Director of the Bank for West Africa, Yéo Nahoua, Chief of Staff to the Ivorian Minister of Planning and Development, Siélé Silué, Special Advisor to the Prime Minister with responsibility for projects co-financed by technical and financial partners
The Bank is ready to support Côte d’Ivoire in implementation of its National Development Plan and provide necessary resources in the priority sectors identified by the government
“I take this opportunity to thank the Bank authorities, on behalf of the Minister of Planning and Development, which acts as the Bank’s governor for Côte d’Ivoire, for their contribution to the resilience of our economy and for further improvement in the quality of our cooperation,” he added.
The Bank’s current Country Strategy Paper (CSP) for Côte d’Ivoire, which runs to the end of 2022, supports implementation of the Ivorian government’s National Development Plan for 2016-2020. The two pillars of the plan are: strengthening key infrastructure and governance for greater competitiveness and investment efficiency; and the development of agro-industrial value chains to promote inclusive and sustainable growth.
Achievements to date regarding the first pillar include progress in the transport and energy sectors. The Bank’s interventions have been instrumental in achieving a 3.4% increase in the extent of paved intercity roads and an 83% increase for urban highways, helping to lower domestic and international transport costs and to improve trade with neighbouring countries. In the energy sector, the Bank’s interventions helped to raise access to electricity by 8.6%, although failure to achieve the target of 20% shows that further efforts are required.
Participants of the Bank-government discussions noted that challenges remain for strengthening governance in sectors concerned with the first pillar, and that interventions are to be stepped up for improvement of the business climate and support to small and medium-sized enterprises.
Regarding the second pillar, the Bank’s operations have strengthened research management structures in the agricultural sector and improved productivity in several agricultural sectors (maize, rice, cassava and market gardening). But more work needs to be done to support the infrastructure of agricultural value chains, particularly agro-industrial processing of local products, which is a key element of the second pillar.
The Bank had a portfolio of 44 projects in progress at the end of June 2022 in Côte d’Ivoire, representing commitments of approximately FCFA 1,528 billion or $2.41 billion. The commitments are dominated by transport infrastructure (43.5%), followed by energy (23.6%), agriculture (19.4%), social (4.9%), governance (4.3%), finance (2.2%) and water and sanitation (2.1%). Total portfolio volume has quadrupled over five years, the disbursement level is 44% and the portfolio has an average age of 3.9 years. Portfolio performance is deemed satisfactory overall, with a rating of 3 on a scale of 1 to 4, but implementation challenges have included long execution times, partly related to the quality of project feasibility studies and extended response time. The discussions also focused on the share of non-performing projects, which now stands at 41% after falling below 30% at the end of 2021. The reasons for non-performing projects were noted. They include launch difficulties for new projects, implementation of timeframes beyond five years and low disbursement rates.
“The Bank is ready to support Côte d’Ivoire in implementation of its National Development Plan and to provide necessary resources in the priority sectors identified by the government. The discussions also focused on support for human capital and capacity building. We are ready to examine all this in discussions specifically focused on the Country Strategy Document for the period 2023-2027,” Ribeiro concluded.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.
According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.
During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.
The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.
According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.
Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026
CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.
In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.
Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.
Power Markets Experiment with Reform
Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.
Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.
Interconnected electricity markets are the foundation of Africa’s industrial future
Regional Integration Remains Fragmented
Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.
West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.
Building Bankable Financial Architectures
While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.
New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.
“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”
The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.
Distributed by APO Group on behalf of African Energy Chamber.
The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France
PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.
The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.
The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.
The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.
The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.
It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.
The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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