The African Development Bank (AfDB) Group kicks off its annual meetings Monday in Brazzaville, Congo, with resource mobilization for economic development at the heart of the agenda.
Over 3,000 delegates — including heads of state, senior economic and financial officials, and private sector leaders — are expected to attend the 61st AfDB Annual Meetings and 52nd African Development Fund session (May 25–29).
Africa requires over $400 billion annually to accelerate structural transformation, dzwatch has learned, as growing global fragmentation increasingly threatens financing flows to the continent.
These meetings mark the first official financial report presentation by Sidi Ould Tah as the ninth AfDB Group President, elected in May 2025 in Abidjan, succeeding Nigeria’s Akinwumi Adesina.
Discussions will focus on four pillars: financial sovereignty, large-scale capital mobilization, leveraging Africa’s demographic dividend for innovation, and biodiversity valorization. The AfDB projects real GDP growth averaging 4.2% in 2025, rising to 4.5% by 2027. Algeria remains a founding member of the institution, established in Khartoum in 1964.
