Thursday 15 April 2021
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African Development Bank’s Executive Directors head to Namibia for a field visit and talks with the country’s senior officials and stakeholders.

African Development Bank (AfDB) group executive directors visit Namibia from 3 to 7 April 2017 to assess the impact of the bank’s projects in the country. According to the executive director for Namibia, Heinrich Mihe Gaomab II, the visit will focus on on-going projects in transport and logistics, financial intermediation, and public-private partnerships and pipeline projects in economic governance and competitiveness and infrastructure development. The executive directors will hold consultations with top government officials, and pay courtesy calls on the Head of State and the Prime Minister. Other meetings will help assess the effectiveness, sustainability and efficiency of bank interventions in delivering its support in a timely and cost-effective manner. Discussions will also be held with the private sector and civil society representatives.
“These annual field visits aim to examine the effectiveness of bank policies and strategies across a number of key sectors,” said Gaomab, highlighting that the meetings would facilitate the sharing of perspectives on the implementation of the bank’s new strategic priorities encapsulated in the High5 agenda (Light up and power Africa; Feed Africa, Industrialize Africa, Integrate Africa, and Improve the life of African people).  The delegation will also hold sessions with international financial institutions and donor partners to discuss the harmonisation of bilateral efforts, and how the bank will deliver the High5s in order to contribute significantly to enhancing the resilience of the regional member countries.  This visit takes place at a time when the bank has witnessed tremendous growth in its partnership with Namibia.
The size of the bank’s portfolio has more than doubled since 2009 and is at its highest level since the start of bank’s operations in the country. In line with the country’s development priorities, the on-going portfolio supports Namibia’s strategic vision to be a regional transport logistics hub and also supports private sector development through financial intermediation.
Along with the increase in financial support, the bank’s technical and knowledge advisory role has also grown to support implementation capacity, project readiness and inform policy dialogue. Since commencing operations in Namibia in 1991, the AfDB has committed about US$705.42 million in 25 operations in the country. Over half of this funding has supported the financial sector (54 percent) while 41 percent supported the transport sector and the rest was split among agriculture, power, social, water and multi-sector. Asked how relevant the visit is to the board, the spokesperson for executive directors, Dr Samy Zaghloul, said: “Namibia is increasingly becoming an active beneficiary of the bank’s projects with an ambitious portfolio to strengthen the country’s aspiration to be a top-emerging economy in the southern region. The country envisages becoming a regional transport logistics hub given its growing potential in the transport sector.” The delegation includes 11 AfDB board members and one senior advisor acting for the executive director for Côte d’Ivoire, all representing 43 countries, namely: Algeria, Angola, Argentina, Austria, Benin, Brazil, Burkina Faso, Côte d’Ivoire, Cape Verde, Comoros, Denmark, Djibouti, Equatorial Guinea, Egypt, Finland, Guinea (Conakry), Gabon, Germany, Guinea Bissau, India, Italy, Japan, the United Kingdom, Libya, Mali, Mozambique, Morocco, Mauritania, Madagascar, Niger, Namibia, Norway, the Netherlands, Portugal, Senegal, Sweden, Switzerland, Saudi Arabia, Somalia, Togo, Tunisia, the United States and Zimbabwe.

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