The objective of the seminar which was held during the Annual Meetings of the ADB was to provide a platform on which the key stakeholders could dialogue with the private sector to identify actions and strategies that could catalyze an increased level of private sector participation in the implementation of the NEPAD Short Term Action Plan (STAP), in particular and the continent’s infrastructure in general.

Tunis, 29 October 2007 – The Board of Directors of the African Development Bank (AfDB) Group has approved a US$ 5 million new Korean Trust Fund to support the implementation of the Africa-Korea Economic Cooperation Action Plan (KOAFEC) over a five-year period. The fund was approved on 15 October 2007, within the framework of the bilateral cooperation agreement between the Republic of Korea and the AfDB Group.

Tunis, 29 October 2007 -  Efforts to accelerate the implementation of the Bujagali Power Interconnection Project (BIP) in Uganda received a boost last week with the signing of a 19.21-million Units of Account (UA*), about US$ 29.7 million agreement by officials of the African Development Bank Group and the Government of Uganda.

Welcome to this consultation on the African Development Bank’s Strategic Directions on Governance for the period 2008-2010. 

The bank’s Interim Vice-President, Operations North, East and South, Mrs. Zainab El Bakri, said the low level of private sector participation in investments in the projects had been a source of worry to the bank and to NEPAD.