{"id":43745,"date":"2022-10-13T08:03:59","date_gmt":"2022-10-13T08:03:59","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=43745"},"modified":"2022-10-13T08:03:59","modified_gmt":"2022-10-13T08:03:59","slug":"sweden-reassures-afdb-of-continued-support-for-africa","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/13\/sweden-reassures-afdb-of-continued-support-for-africa\/","title":{"rendered":"Sweden reassures AfDB of continued support for Africa"},"content":{"rendered":"
\n

Sweden has reassured the African Development Bank (AfDB)<\/strong><\/a> of the country\u2019s continued support for the African continent.<\/p>\n<\/header>\n

\n

According to a statement on the website of the AfDB on Wednesday, the reassurance was made when the President of the bank, Dr Akinwumi Adesina, paid a two-day official visit to Sweden.<\/span><\/p>\n

Sweden is one of the bank\u2019s non-regional member countries.<\/span><\/p>\n

During his visit, the AfDB president met with various senior officials, including Jenny Ohlsson, State Secretary and Governor of the Bank for Sweden.<\/span><\/p>\n

He also met with Helen Eduards, Director-General for International Development Cooperation at Sweden\u2019s Ministry of Foreign Affairs and Carin J\u00e4mtin, Director-General of Sweden\u2019s International Development Agency (SIDA).<\/strong><\/a><\/span><\/p>\n

The bank president further met with Pernilla Meyersson of the Swedish Central Bank.<\/span><\/p>\n

There was broad agreement that the bank shared common strategic priorities, such as, sustainable development, climate change, food security and the promotion of a productive private sector.<\/span><\/p>\n

The importance of education and gender equality were also agreed upon.<\/span><\/p>\n

Adesina spoke of the strategic initiatives the bank had launched to promote gender equality and access to financing for women entrepreneurs.<\/span><\/p>\n

He spoke on the bank\u2019s Affirmative Finance Action for Women in Africa (AFAWA) programme as one of the platforms that was financing the initiative.<\/span><\/p>\n

Adesina further said the bank monitored and tracked the impact of each of its investments on gender through a gender-marker system.<\/span><\/p>\n

He also said the institution was promoting jobs for young people through its Youth Entrepreneurship and Innovation Trust Fund.<\/span><\/p>\n

Adesina said it had proposed a novel network of youth entrepreneurship investment banks, which would be presented before its executive board for approval.<\/span><\/p>\n

He said the youth banks could be launched before the end of 2022.<\/span><\/p>\n

Adesina further said the bank, with the International Labour Organisation, was designing a tracking and monitoring system that would identify the impact of all the bank\u2019s operations on job creation.<\/span><\/p>\n

Adesina said building climate resilient agriculture would be an activity with high potential for development and business opportunities.<\/span><\/p>\n

He said the bank was promoting this through Technologies for African Agricultural Transformation (TAAT) and its Special Agro-Industrial Processing Zones.<\/span><\/p>\n

The AfDB president said the bank\u2019s African Investment Forum, scheduled for early November, would be an ideal platform through which to promote private investment in Africa.<\/span><\/p>\n

He invited Swedish companies and institutional investors to consider attending the upcoming boardrooms of the forum scheduled to be held in Abidjan, C\u00f4te d\u2019Ivoire.<\/span><\/p>\n

SIDA and the AfDB agreed to work towards mobilising Swedish institutional investors to participate in projects through a possible dedicated session of the Africa Investment Forum.<\/span><\/p>\n

Also meeting with IKEA Chief Executive Officer, Per Heggenes, Adesina invited IKEA to join the TAAT platform and be part of other bank-driven initiatives to bring about sustainable development in Africa.<\/span><\/p>\n

Heggenes welcomed the AfDB president\u2019s plans to address Africa\u2019s development challenges with initiatives of scale.<\/span><\/p>\n

He further said IKEA had contributed to the climate and planet fund with the Rockefeller Foundation.<\/span><\/p>\n

Furthermore, he said it was important to focus on things that could bring about demonstrable change, including support for small-scale energy projects, with a realistic approach on gas.<\/span><\/p>\n

He said it was important to create entrepreneurial jobs, especially with a view to addressing the issue of migration.<\/span><\/p>\n

It was agreed that the bank and IKEA would explore ways of working together.<\/span><\/p>\n

There was also a general agreement on the need for continued cooperation in the promotion of renewable energy.<\/span><\/p>\n

Sweden expressed its support to the Climate Action Window that the AfDB would create to help low-income African countries access additional resources.<\/span><\/p>\n

Furthermore, there was an agreement on the need to spur private investments toward Africa, a goal to which SIDA was keen to contribute.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sweden has reassured the African Development Bank (AfDB) of the country\u2019s continued support for the African continent. According to a statement on the website of the AfDB on Wednesday, the reassurance was made when the President of the bank, Dr Akinwumi Adesina, paid a two-day official visit to Sweden. Sweden is one of the bank\u2019s […]<\/p>\n","protected":false},"author":4,"featured_media":43806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"42922","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[20],"tags":[5408,6211],"class_list":["post-43745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-african-development-bank-afdb","tag-sweden"],"yoast_head":"\nSweden reassures AfDB of continued support for Africa » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/13\/sweden-reassures-afdb-of-continued-support-for-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sweden reassures AfDB of continued support for Africa\" \/>\n<meta property=\"og:description\" content=\"Sweden has reassured the African Development Bank (AfDB) of the country\u2019s continued support for the African continent. 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