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Somali National News Agency > Blog > Local News > Somali President Meets with African Development Bank President in Nairobi
Local News

Somali President Meets with African Development Bank President in Nairobi

By Abdiqani Abdullahi
Last updated: May 31, 2024
2 Min Read
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Nairobi, Kenya —Somali President Dr. Hassan Sheikh Mohamud held a special meeting with Mr. Akinwumi Adesina, the President of the African Development Bank (AfDB). The high-level discussion took place in Nairobi, Kenya, where both leaders emphasized the importance of economic cooperation and investment across the African continent.

During the meeting, President Mohamud and President Adesina explored strategies to promote economic development in African countries. They discussed key projects aimed at enhancing infrastructure, fostering innovation, and creating sustainable growth opportunities. The AfDB’s commitment to supporting these initiatives was reaffirmed, with a focus on maximizing positive impact for the region.

Recognizing the potential for economic transformation, the two leaders deliberated on attracting foreign investment to Africa. President Mohamud highlighted Somalia’s dedication to economic reform and expressed confidence in the country’s prospects. He urged the AfDB to intensify its efforts in mobilizing resources and facilitating investments that would contribute to the continent’s prosperity.

President Adesina praised Somalia’s commitment to the United Nations’ Sustainable Development Goals (SDGs). He emphasized the importance of aligning projects with these global objectives, ensuring that development initiatives are inclusive, environmentally responsible, and socially beneficial. The AfDB pledged continued support for Somalia’s efforts in achieving the SDGs.

In his closing remarks, President Mohamud urged the AfDB’s leadership to redouble their commitment to Africa’s growth. He emphasized the need for innovative financing mechanisms, capacity building, and strategic partnerships. President Adesina assured him of the bank’s unwavering dedication to advancing sustainable development across the continent.

The meeting concluded with a shared vision: a prosperous Africa where economic progress benefits all its citizens. As Somalia continues its journey toward stability and growth, collaboration with institutions like the AfDB remains crucial.

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