Africa - CC via Pixabay/PIRO4D
CAIRO - 6 August 2019: Country Manager Malinne Blomberg stated on Monday that the African Development Bank (AfDB) supports five main realms on the continent highlighting that they match Egypt’s development agenda.
The five realms are securing electricity in a sustainable and efficient way, securing food, building strong infrastructure, integration among African states, and enhancing living conditions.
Bloomberg added that investment and development opportunities have been rising in Africa driven by a booming population growth. She affirmed that the AfDB has attracted many investors in the Egyptian sectors of manufacturing and trade.
The country manager said that the bank has been working on strengthening supply chains, exchanging expertise, and making Egyptian goods more competitive in order to create jobs and improve the living standards of individuals.
Bloomberg said that Egypt has made a big economic achievement by supporting the private sector, which constitutes an essential element for development.