“The African Development Bank (AfDB) plans to support Nigeria, Senegal, Ethiopia, Morocco and Algeria with industrial policies to boost development in Africa.”
According to statements by the Bank’s Director of Industrial Development, Alhassane Haidara, in an interview with the Nigerian News Agency, the bank in partnership with UNIDO will help countries develop policies that will stimulate industrial development in various countries. sectors of the economy.
“This will go a long way towards boosting economic development and increasing foreign direct investment. The bank would also be through capital market support policies by stimulating market liquidity “notes it in its statements.
For Haidara, “this project will be a pilot project, if we succeed with the five countries, we will replicate in many other countries in the region”.
It should be noted that the theme of the bank’s annual meeting in 2018 is “Industrializing Africa”, one of the bank’s major priority projects. The annual meeting will be held in Busan, Korea from May 21st to 25th.
