·         Addressing fragility 

·         Delivering Impact  

·         Funding Innovation

IN THIS
  ISSUE

·         ADF Project of the Week: Desert to Power

·         ADF Donor of the Week: Angola

·         ADF Know It All: Lusophone Compact

·         Save the Date: March 19-21, 2019

AFRICAN DEVELOPMENT FUND -  INCOMPARABLE PARTNER FOR THE CONTINENT

The international development landscape has evolved. We have more partners than ever supporting the African continent to take its rightful place within the wider global economic system. Given that the level of investment required to address persistent challenges and realize Africa’s potential is significant, any single source or stakeholder cannot meet Africa’s financing needs. This notwithstanding, the African Development Fund is uniquely positioned to deliver on its mandate of supporting Africa’s low-income countries and serve as the lead partner for engagement with the continent.

Regional Focus. ADF’s entire focus is on Africa, and only Africa. The ADF is willing to engage in countries and regions where others may not be willing to venture, particularly in transition states. ADF innovates and identifies ways to strengthen its outreach to the last mile, the most vulnerable, and the least reachable. The AfDB Group was one of the first multilateral development banks to have a dedicated resource team focused on fragility within its corporate structure – the Transition States Coordination Office. This is an innovation now being replicated in sister organizations.

Uninterrupted Presence on Ground. The ADF has its ears to the ground. The Fund prides itself on being face to face with its beneficiaries. ADF operates from Africa, with over 750 staff deployed in 25 ADF country offices, of which 16 are in transition states. The ADF goes beyond transactions and operations. It engages communities and changes lives for the better. It is Africa’s institution. In this way, ADF ensures not only successful delivery of projects and programs but local ownership and trust equity for longer-term gains and knowledge transfer.

Enduring trust equity. We have a rapport with our regional member countries and our local presence allows us to respond quickly and flexibly to our client needs. It is for this reason that critical regional bodies like the African Union (AU) turn to the ADF, recognizing it as the lead coordinator for mobilizing resources for African countries to fulfill Agenda 2063. The role of the ADF was strongly reaffirmed by African Heads of State during the February 2019 AU Summit. In fact, a High-Level Consultative Meeting between the ADF and the AU reaffirmed the role of the Joint Secretariat Support Office (JSSO), comprising the AU Commission, UNECA and the ADF, as a platform for coordination that is more effective, collaborative and synergic in furtherance of continental priorities. The meeting concluded with the commitment to work closely together in 2019 for a successful 15th Replenishment of the African Development Fund, which is critical for financing Agenda 2063 flagship projects and other continental frameworks.

Regional focus allows ADF to know this continent intimately. ADF’s permanent residency on the continent gives it an innately strong brand and legitimacy with stakeholders. The trust equity ADF has built over the years with its clients and beneficiaries means they continue to expect ADF’s longstanding and pivotal support. That is our unique comparative advantage.

ADF PROJECT OF THE WEEK: DESERT TO POWER

The Sahel is one of the poorest regions in the world and among the most vulnerable to climate change. It is exposed to great increases in temperature and to ever more frequent periods of drought. Combined with rapid population growth, these phenomena have exacerbated food insecurity, malnutrition, displacement, and migration. However, with solar irradiance exceeding 5.5 kilowatts per hour per square meter, the region has some of the world’s highest potential for solar energy. Yet solar energy has developed slowly in the region, which counts four of the ten countries in the world with the lowest access to energy.

The Desert to Power program (DtP) is designed to transform the Sahel region by installing up to 10GW of solar capacity by 2025, both through on-grid power facilities and through decentralised energy solutions (solar-powered green mini-grids and individual solar home systems). The ADF’s financing will (i) support the enabling environment for more private sector investments in renewable energy, especially solar power; (ii) provide project preparation funding to undertake the studies necessary for new generation projects to be launched; and (iii) help finance solar power projects. African Development Fund financing and guarantee instruments, and African Development Bank funding for the private sector will be combined to achieve low tariffs for the electricity generated. That is the power of ADF.

ADF DONOR OF THE WEEK: ANGOLA

Angola became a contributor to the African Development Fund in 2014. The country is one of three African state participants of the Fund to date, having provided cumulative support valued at over EUR 18 million. During ADF-14, Angola contributed a total of EUR 6.5 million to the replenishment efforts. As an African middle-income country, its contribution to financing the development needs of the continent highlights the importance of South-South cooperation in funding transformative projects. In fact, in 2018, the Angolan Government led efforts to conclude a Lusophone Compact with the ambition to strengthen the role of the private sector in advancing sustainable and inclusive development in Portuguese-speaking African countries (PALOPs). The projects pipeline presented by the six countries involved in the compact is estimated at over USD 5 billion.

ADF KNOW IT ALL: GET TO KNOW THE FUND BETTER

 

·         For more information on the African Development Fund

·         To read more about ADF projects in the Sahel region, check out: Chad, Burkina Faso, and Mali

·         Learn more about Desert to Power Initiative

SAVE THE DATE

March 19-21, 2019
First ADF-15 Replenishment Meeting, Abidjan


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