SADC and the African Development Bank agreed to work together on economic projects worth $22.6 million during meetings held at Abidjan. The organizations met during the 2025 AfDB Annual Meetings that focused on making Africa's resources work better for development. Leaders discussed ways to use Africa's people and natural resources to build stronger economies across the continent. Executive Secretary Elias Magosi represented SADC during talks with AfDB Vice President Nnenna Nwabufo about regional projects. The partnership aims to create jobs and improve trade between African countries through smart investment strategies.
Officials talked about four major projects under the SADC development plan that runs until 2030. The projects target better fishing management and easier trade processes between member countries. Banks want to coordinate their policies better and create unified financial systems across the region. Leaders also discussed improving border controls and building stronger supply chains for farming and mining products. Technical training programs would help workers develop skills needed for modern industries throughout southern Africa.
Magosi thanked the African Development Bank for supporting the SADC Regional Development Fund during productive partnership discussions. Nwabufo promised continued cooperation on projects that match Africa's long-term development goals and economic priorities. The collaboration focuses on making customs processes faster and reducing barriers to cross-border business activities. Both organizations want to strengthen regional integration through better financial systems and trade agreements. African leaders believe working together creates more opportunities for sustainable economic growth across the continent.
Officials talked about four major projects under the SADC development plan that runs until 2030. The projects target better fishing management and easier trade processes between member countries. Banks want to coordinate their policies better and create unified financial systems across the region. Leaders also discussed improving border controls and building stronger supply chains for farming and mining products. Technical training programs would help workers develop skills needed for modern industries throughout southern Africa.
Magosi thanked the African Development Bank for supporting the SADC Regional Development Fund during productive partnership discussions. Nwabufo promised continued cooperation on projects that match Africa's long-term development goals and economic priorities. The collaboration focuses on making customs processes faster and reducing barriers to cross-border business activities. Both organizations want to strengthen regional integration through better financial systems and trade agreements. African leaders believe working together creates more opportunities for sustainable economic growth across the continent.
