SADC, AfDB bolster financial partnership
The Southern African Development Community (SADC) and the African Development Bank (AfDB) have agreed to strengthen their partnership to boost regional development financing. The collaboration focuses on infrastructure, industrialization, and the operationalization of the Regional Development Fund to drive economic growth.
Why it matters
Enhanced financial cooperation between these institutions is critical for infrastructure development and economic integration across Southern Africa.
The Southern African Development Community (SADC) and the African Development Bank (AfDB) have reaffirmed their commitment to deepen cooperation on regional development financing following a high level meeting between Executive Secretary Elias Magosi and AfDB Southern Africa director general Kennedy Mbekeani.
Held in Gaborone, the meeting allowed both parties to review joint priorities surrounding regional integration, infrastructure financing and economic transformation.
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