President of the African Development Bank (AfDB), Akinwumi Adesina has stated that the outstanding support from the United Arab Emirates (UAE) is enough to consider welcoming the country as a member of the bank.<\/p>\n
The bank via a statement disclosed that Adesina ended a three-day visit\u00a0to the UAE on Friday.<\/span><\/p>\n During the visit to the UAE, the AfDB president attended the world government summit and the closing event for the Expo 2020 Dubai.<\/span><\/p>\n He also held meetings with government officials in Dubai during which he \u201cdiscussed strategic opportunities that would strengthen economic ties between the UAE, the Bank and Africa\u201d.<\/span><\/p>\n Adesina lauded the leadership of the UAE for providing support to low-income countries, adding that\u00a0<\/span>its consistent participation in growth makes it a potential country to become a significant investment partner in Africa.<\/span><\/p>\n \u201cThere is a lot that Africa can draw from the UAE\u2019s remarkable success. What the UAE has done, using its resources, its drive and determination to develop the country into what it is today is highly impressive,\u201d Adesina was quoted as saying.<\/span><\/p>\n \u201cWe are keen to see the UAE become an even more valued and significant investment partner in Africa. The UAE has been a highly valued participant in the African Development Fund, our Bank Group\u2019s concessionary lending arm supporting low-income countries since 1978.<\/span><\/p>\n \u201cHopefully, we may at some point be able to welcome the UAE as a member of the African Development Bank.\u201d<\/span><\/p>\n According to the statement, Shakhboot Nahyan Al Nahyan, UAE minister of state in charge of African affairs, said his country is committed to the continent\u2019s growth.<\/span><\/p>\n \u201cUAE desires to help African countries diversify their economies, provide value-added support for small and medium-sized enterprises, explore potential social housing investment opportunities, and connect young African fintech companies to innovations that would allow them to grow and thrive on the continent,\u201d the UAE minister was quoted as saying.<\/span><\/p>\n \u201cWe consider the African Development Bank to be the continent\u2019s Think Tank. We believe that Africa is the world\u2019s next growth frontier and we don\u2019t want to miss that.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" President of the African Development Bank (AfDB), Akinwumi Adesina has stated that the outstanding support from the United Arab Emirates (UAE) is enough to consider welcoming the country as a member of the bank. The bank via a statement disclosed that Adesina ended a three-day visit\u00a0to the UAE on Friday. During the visit to the […]<\/p>\n","protected":false},"author":17,"featured_media":171085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[38],"tags":[2677,780,24132,193],"class_list":["post-171084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","tag-afdb","tag-akinwumi-adesina","tag-expo-2020-dubai","tag-uae"],"yoast_head":"\n