The African Development Bank (AfDB) and Mozambique have strengthened their partnership to accelerate regional infrastructure development and trade.
A recent visit by Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization, underscored this commitment. Discussions focused on strategic infrastructure projects along key economic corridors linked to Maputo, Beira, and Nacala. These corridors are seen as crucial for unlocking Mozambique’s economic potential and fostering regional trade.
Quaynor met with key Mozambican government officials, including the Minister of Economy and Finance, Minister of Transport and Communications, and Minister of Industry and Commerce. He also consulted with stakeholders like the Mozambican Association of Banks, Cahora Bassa Hydroelectric Dam, and the Confederation of Economic Associations of Mozambique.
The Mozambican government expressed appreciation for the AfDB’s continued support for regional integration and green industrialization in Southern Africa. Minister Tonela acknowledged the challenges posed by climate change and security threats, highlighting the importance of partnerships with institutions like the AfDB.
The partnership aligns with Mozambique’s national development plans and the AfDB’s long-term strategies. It prioritizes economic governance, private sector investment, and sustainable agricultural transformation, a critical area for economic diversification.
Quaynor commended Mozambique’s resilience and its potential role in ensuring green energy supply and building climate-resilient economic corridors. He expressed appreciation for the government’s trust in the AfDB’s ability to deliver on its development mandate in Mozambique.