AfDB’s Board retreat in Tunis to share perspectives on issues to influence Africa’s transformation

20/02/2014
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The Board of Director of the African Development Bank  is holding its retreat on 20-21 February 2014 in Tunis, and will focus on Transformation through the private sector – Effective partnership and assistance to Africa’s private sector; The Next 50 years: the Africa we want; and Making a difference through the Board: The next phase of Board effectiveness.  The retreat will dialogue on issues of importance to the continent’s development, and the role of the Bank and the Board. It will also deliberate on the theme of the 2014 Annual Meetings, in preparation for the Governors dialogue and also use the opportunity to review Board effectiveness, to evaluate progress and consider new initiatives among others.

The retreat this year is particularly important as it is the first retreat after the general election of Executive Directors, which took place in May 2013. This is also the first Board retreat following the adoption of several landmark policies and strategy documents, including the Ten-Year Strategy (2013-2022) (TYS), the Private Sector Development Strategy (PSDS), Gender Strategy (2014-2018), and the approval of the ADF-13.

This retreat also precedes the Board discussions on the Policy on non-sovereign operations, which will define the types of entities and structures eligible for Bank non-sovereign guaranteed financing, the types of instruments and tools to provide effective financial support and other assistance, as well as the development outcomes which the Bank should seek to achieve through assistance to the private sector.

The expected outcomes of the retreat would be to arrive at a consensus on effective ways of enhancing our assistance to Africa’s Private Sector; facilitating a true One Bank culture and approach institutionally; defining the scope and elements of the Governors dialogue and the expected outcomes; and defining the next phase of Board effectiveness.

Participants at the retreat include AfDB President, Donald Kaberuka, Executive Directors, Senior Management, Senior Advisors and advisers, some key staff and high level invitees from the private sector, including Chairman and CEO Dangote Group of Companies Aliko Dangote; Daphne Mashile-Nkosi, Kalagadi Manganese (Pty) Ltd Executive Chairman; Ismail Douiri, Attijariwafa Bank Co-CEO; Verone Mankou, Chairman/CEO of VMK; and Ziad Oueslati, Managing Director and Co-founding Partner of TunInvest – AfricInvest.