{"id":61564,"date":"2025-09-12T22:38:05","date_gmt":"2025-09-12T22:38:05","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle"},"modified":"2025-09-12T23:10:24","modified_gmt":"2025-09-12T23:10:24","slug":"afdb-flags-project-execution-gaps-as-africas-growth-hurdle","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle","title":{"rendered":"Afdb Flags Project Execution Gaps as Africa\u2019S Growth Hurdle"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>The African Development Bank (AfDB) has cautioned that Africa\u2019s economic growth will remain constrained unless governments and institutions improve the design and execution of infrastructure and development projects.<\/p>\n<p>Speaking at the PMI Global Summit Series Africa in Kigali, Rwanda, AfDB officials and nearly 1,000 delegates argued that without better planning and execution, the continent\u2019s vast economic potential will remain untapped.<\/p>\n<p>The Summit, the largest of its kind on the continent, served as a powerful platform to discuss how Africa can turn its vast potential into reality through bankable projects, professional project management, and strategic partnerships that deliver long-term impact.<\/p>\n<p>\u201cThe world is becoming more African,\u201d former President of the AfDB, Dr. Akinwumi Adesina, said in an emailed statement, noting that one in four people on the planet will soon be African.<\/p>\n<p>With 65 per cent of the world\u2019s uncultivated arable land, abundant critical minerals for the green transition, and 13 of the world\u2019s fastest-growing economies, he stated that Africa is poised to drive global prosperity if it can deliver projects that are technically, financially, and operationally sound.<\/p>\n<p>Adesina pointed to the AfDB\u2019s High 5 priorities, Light up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve Quality of Life, which have already impacted over 565 million people.<\/p>\n<p>\u201cProjects must not just exist on paper,\u201d he said. \u201cThey must change lives. As one Kenyan beneficiary told me, \u2018We once were in darkness. Now we have light.\u2019 That is the true measure of success.\u201d<\/p>\n<p>Expanding on this message, the Director of the AfDB\u2019s Development Impact and Results Department, Armand Nzeyimana, said the continent faces a critical shortage of bankable projects.<\/p>\n<p>He defined a bankable project as one that meets three core criteria: technical feasibility with proven designs, financial viability with clear revenue models, and robust risk management that addresses currency, political, and market uncertainties.<\/p>\n<p>\u201cWithout these fundamentals,\u201d Nzeyimana warned, \u201ceven the most noble intentions cannot secure the financing needed to move from paper to reality.\u201d<\/p>\n<p>He added that poorly prepared projects often suffer delays of up to 50 per cent, stretching timelines and undermining developmental impact.<\/p>\n<p>\u201cThe cost of delay is not just financial; it is developmental. Every missed deadline slows progress on the Sustainable Development Goals and leaves millions without essential services. Today, 600 million Africans remain without electricity. That statistic will not change without bankable projects.\u201d<\/p>\n<p>The summit also highlighted Rwanda as a model for purposeful project execution. Kigali\u2019s rapid transformation, including major infrastructure developments and its growing role as a hub for tourism, innovation, and sport, demonstrated what disciplined planning and strategic execution could achieve.<\/p>\n<p>\u201cKigali is changing by the day,\u201d Adesina said. \u201cIt shows what is possible when vision is matched with planning and delivery.\u201d<\/p>\n<p>Delegates at the summit, which is Africa\u2019s largest gathering of project management professionals, agreed that project management is a strategic enabler of transformation. Embedding global standards, certifications, and methodologies into the continent\u2019s projects, they argued, will build the capacity required to deliver transformative initiatives at scale.<\/p>\n<p>Adesina also proposed a deeper strategic alliance between the AfDB and the Project Management Institute to raise project delivery standards across Africa.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Lesotho<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. The African Development Bank (AfDB) has cautioned that Africa\u2019s economic growth will remain constrained unless governments and institutions improve the design and execution of infrastructure and development projects. Speaking at the PMI Global Summit Series Africa in Kigali, Rwanda, AfDB officials and nearly 1,000 delegates argued that without better planning and execution, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":61563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-61564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Afdb Flags Project Execution Gaps as Africa\u2019S Growth Hurdle - Lesotho<\/title>\n<meta name=\"description\" content=\"The African Development Bank (AfDB) has cautioned that Africa\u2019s economic growth will remain constrained unless governmen ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afdb Flags Project Execution Gaps as Africa\u2019S Growth Hurdle\" \/>\n<meta property=\"og:description\" content=\"The African Development Bank (AfDB) has cautioned that Africa\u2019s economic growth will remain constrained unless governmen ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-12T22:38:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-12T23:10:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/09\/sm_1757702142.203641.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Afdb Flags Project Execution Gaps as Africa\u2019S Growth Hurdle\",\"datePublished\":\"2025-09-12T22:38:05+00:00\",\"dateModified\":\"2025-09-12T23:10:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\"},\"wordCount\":541,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/09\/sm_1757702142.203641.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/afdb-flags-project-execution-gaps-as-africas-growth-hurdle\",\"name\":\"Afdb Flags Project Execution Gaps as Africa\u2019S Growth Hurdle - 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