- Home
- Middle East
- UAE
- <span>ADFD discusses collaboration opportunities with Pan-African Parliament delegation</span>
ADFD Discusses Collaboration Opportunities With Pan-African Parliament Delegation
Rukhshan Mir (@rukhshanmir) Published December 09, 2018 | 06:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 09th Dec, 2018) Abu Dhabi Fund for Development, ADFD, hosted a high-level delegation from the Pan-African Parliament at its headquarters in Abu Dhabi to discuss sustained cooperation in achieving the development priorities of the African continent.
Mohammed Saif Al Suwaidi, Director-General of ADFD, Roger Nkodo Dang, President of the Pan-African Parliament, Khalifa Al Qubaisi, Deputy Director-General of ADFD, and other senior representatives of the two entities attended the meeting.
In line with the objective of the UAE leadership to build strategic relations with African countries and actively support sustainable development efforts on the continent, the two parties explored opportunities for cooperation.
Welcoming the delegation, Mohammed Al Suwaidi said, "Spanning four decades, the Fund’s activities in Africa have positively impacted 40 countries. Our implementation of thousands of projects in the infrastructure, education, housing, health, energy and other sectors have contributed to sustainable socio-economic development across the board and elevated the living standard of millions of Africans.
"
He added, "This meeting enables us to renew our commitment to supporting the national priorities of African countries."
For his part, Roger Nkodo Dang expressed his appreciation to the UAE for its development assistance to the African continent, highlighting the achievements of the Fund in financing projects that bolster socio-economic growth.
Since its inception in 1971, ADFD has funded development projects in 88 countries across the globe to the tune of AED83 billion through concessionary loans and Abu Dhabi government grants. The Fund’s total expenditure in Africa amounts to an estimated AED20 billion. ADFD has also invested in 10 companies and two private equity funds to boost a variety of sectors on the African continent.
Related Topics
Recent Stories
SC orders end of encroachments in Karachi
Nazish Jahangir denies viral screenshots, calls them fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago