African Development Bank: Investment in infrastructure projects in the Democratic Republic of Congo
The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, recently met with members of the Congolese government to discuss investment opportunities in the country’s infrastructure. During a working lunch held on the sidelines of the inauguration of re-elected President Félix Tshisekedi, Adesina expressed the AfDB’s interest in supporting several strategic projects.
During the meeting, Congolese ministers presented their plans for their different sectors, including the budget, industry, agriculture and hydraulic and electrical resources. They expressed their wish to cooperate closely with the AfDB to accelerate the country’s development.
Akinwumi Adesina welcomed these strategic priorities and recalled the importance of the Democratic Republic of Congo’s flagship projects, such as the Inga hydroelectric dam and the bridge linking Kinshasa to Brazzaville. He reaffirmed the AfDB’s commitment to supporting the Congolese government’s efforts in key areas such as agricultural transformation and regional integration.
The AfDB already has an active portfolio in the DRC, comprising 27 operations worth approximately $1.458 billion. The priority sectors for ADB investment in the country are transport, information and communication technologies, energy, water and sanitation, as well as agriculture.
This meeting between the AfDB and the Congolese government demonstrates the importance of investments in infrastructure to stimulate the country’s economic development. Thanks to strong partnerships and adequate funding, the Democratic Republic of Congo will be able to strengthen its capacities in different areas and improve the living conditions of its population.
In conclusion, the AfDB continues to play a key role in Africa’s development by actively supporting infrastructure projects in countries such as the Democratic Republic of Congo. These investments will help create jobs, stimulate economic growth and improve the living conditions of African populations.