{"id":75652,"date":"2025-04-13T11:14:47","date_gmt":"2025-04-13T11:14:47","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development"},"modified":"2025-04-13T11:14:47","modified_gmt":"2025-04-13T11:14:47","slug":"african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development","title":{"rendered":"African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa\u2019s capital for continent\u2019s development"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>The African Development Bank Group\u2019s 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution\u2019s Secretary General and Chief Economist said on Wednesday.<\/p>\n<p>Prof. Vincent Nmehielle, Secretary General of the African Development Bank Group and Prof. Kevin Urama, Chief Economist and Vice President for Economic Governance addressed journalists at the traditional press briefing which takes place ahead of the institution\u2019s annual meetings.<\/p>\n<p>The hybrid meeting took place at the Bank\u2019s headquarters in Abidjan and online, with the participation of over 100 representatives of news organisations worldwide.<\/p>\n<p>Nmehielle, speaking in his capacity as Secretary to the respective Boards of Governors of the Bank and the African Development Fund as well as the Boards of Directors, said the meetings would take place from the 26th to the 30th of May 2025, at the Sofitel Abidjan Hotel Ivoire in Abidjan, Co\u0302te d\u2019Ivoire.<\/p>\n<p>The Secretary General ran through the objectives and the agenda of the annual meetings and noted that a key session would be the election of the next president of the Bank, following the end of the 10-year term of current president, Dr Akinwumi Adesina.<\/p>\n<p>The new president would be selected out of five candidates from five African countries, by the Bank Group\u2019s 81 governors through a double majority\u201450 plus one percent of the vote of all the 81 shareholders and 50 plus 1 percent of the regional member countries. The new president would be sworn in on 1st September, Nmehielle said.<\/p>\n<p>Harnessing Africa\u2019s capital for its development needs<\/p>\n<p>Speaking on the theme of this year\u2019s annual meetings: \u201cMaking the Most of Africa\u2019s Capital to Foster Its Development,\u201d Urama said the focus was clear\u2014harnessing better what Africa has already to drive development in Africa, through its rich fiscal, human capital, natural and business capital.<\/p>\n<p>Discussion with heads of state, ministers, civil society, experts and the bank\u2019s development partners during the four major knowledge events, as well as a presidential dialogue, would ensure a thorough dissection of the theme of this year\u2019s meetings and concrete proposals to address the how of what needs to be done, Urama said.<\/p>\n<p>The African Development Bank\u2019s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape, debt burdens and resource mobilisation to assist African countries to build effective institutions, he added.<\/p>\n<p>Journalists asked questions on topics ranging from ongoing trade tariffs imposed by the United States, the loss of USAID financing and procedural questions on the election of a new president for the African Development Bank.<\/p>\n<p>Urama noted that a point raised about trade wars aligned well with the overall theme of this year\u2019s conference\u2014making Africa\u2019s capital work better for Africa\u2019s development\u2014and that discussions would look at business capital, including issues around tariffs.<\/p>\n<p>\u201cThe impact of trade tariffs on economies are well known, but also it depends on how countries respond to the domestic policies of those with whom they trade,\u201d Urama said, adding that this subject would be dealt with in the report as he extended an invitation to journalists to attend.<\/p>\n<p>Nmehielle said dwindling aid and higher tariffs should encourage Africans to look inward for their solutions.<\/p>\n<p>\u201cAfrica\u2019s capital should work for Africa, tell our leaders that they have to look inward and let our capital work for Africa,\u201d he told the journalists.<\/p>\n<p>Media partners can help tell Africa\u2019s development story<\/p>\n<p>Both leaders urged journalists to tell the continent\u2019s development story in a clear and unbiased manner with a focus on facts and not just the negatives. \u201cNarratives matter and you are the best people to create positive narratives&#8230; Africa has enough&#8230; let\u2019s not bemoan the decline in aid&#8230; let\u2019s focus our narrative on what Africa can do,\u201d Urama said.<\/p>\n<p>\u201cYou as journalists are a part and parcel of making our institution\u2019s work. The whole essence of your work is also about accountability,\u201d Nmehielle said urging journalists to call out institutions for not working. \u201cYou can help exposing inefficient institutions&#8230; it\u2019s the responsibility of everyone,\u201d Nmehielle said.<\/p>\n<p>African Development Bank president Adesina has been highly critical of the \u201cAfrica premium\u201d that countries pay when accessing capital markets, despite data showing that Africa\u2019s default rates are lower than those of other regions. He has made repeated calls for an end to this risk perception, which he said leads to higher borrowing costs for African nations.<\/p>\n<p>During the Annual Meetings of the African Development Bank Group, its Boards of Governors, as the highest decision-making and oversight organs of the Bank and the Fund, review the annual report on the finances, operations and other activities of the Bank and the Fund during the preceding financial year.<\/p>\n<p>Watch the recording of the press conference here for anything you missed.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Sudan<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Sudan. The African Development Bank Group\u2019s 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution\u2019s Secretary General and Chief Economist said [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":75651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233],"class_list":["post-75652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-sudan"],"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>African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa\u2019s capital for continent\u2019s development - South Sudan<\/title>\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\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa\u2019s capital for continent\u2019s development\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; South-Sudan. The African Development Bank Group\u2019s 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution\u2019s Secretary General and Chief Economist said [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-13T11:14:47+00:00\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa\u2019s capital for continent\u2019s development\",\"datePublished\":\"2025-04-13T11:14:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\"},\"wordCount\":858,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2025\/04\/sm_1744530703.063354.jpg\",\"keywords\":[\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/african-development-bank-group-annual-meetings-2025-to-focus-on-harnessing-africas-capital-for-continents-development\",\"name\":\"African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa\u2019s capital for continent\u2019s development - 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