The President of the African Development Bank Group, AfDB, Dr. Akinwumi Adesina, has reiterated the Bank’s support for the development of regional infrastructure corridors to boost the continent’s integration and economic transformation.
Adesina stated this when he met with Kenya’s Ambassador to Côte d’Ivoire, Professor Christopher Andrew Lang’at, who had paid him a courtesy call on Wednesday at the Bank’s Headquarters in Abidjan.
“It’s only through regional corridors that we can move goods and services easily across the continent, lower transport costs, promote integration and achieve impactful economic development,” said Adesina.
Over the past decade, the AfDB has invested over $50 billion in critical utilities, making it the largest multilateral financier of infrastructure across the continent.
The Bank is financing 45 operations with a total commitment of nearly $4 billion in Kenya alone. Over a third of the Bank’s investments in the East African country goes into transport infrastructure, with about 20% of that going into regional and multinational operations boosting the country’s regional integration agenda.
According to a statement by the AfDB, Adesina cited the upgrading from single lane to dual carriageway of the 84km Kenol – Sagana – Marwa Road, which is part of the Great North highway, that runs from Cairo in Egypt to South Africa’s Cape Town.
Other Bank-financed projects include the Last-Mile Connectivity Project that has connected over 2.2 million people to electricity since 2015.
In 2024, the Bank provided $696 million in partial credit guarantee to unlock $3.9 billion for the construction of the Central Corridor Standard Gauge Railway to connect Tanzania, Burundi and the Democratic Republic of Congo.
As part of the Bank’s wider continental Integrate Africa strategy, Adesina highlighted key regional corridors including the $15.6 billion Lagos-Abidjan highway, which connects Nigeria, Benin, Togo, Ghana and Cote d’Ivoire.
He also cited the $10 billion Lobito Corridor that is linking Angola to the Democratic Republic of Congo and Zambia. The project has attracted multiple regional and global investors including the United States, the European Union and Italy.
Ambassador Lang’at lauded the Bank’s contribution Kenya’s development, and that of the entire continent, through high-impact financing across infrastructure, food production and economic inclusion of women and youth.
“I commend your leadership as President of the Bank over the last 10 years and your efforts in transforming Africa’s development narrative through advocacy, policy dialogue and budgetary support,” said Lang’at who was accompanied by the embassy’s Minister-Counsellor Kerubo Omurwa.
