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Akinwumi Adesina, president of the African Development Bank

AfDB sets ‘High 5’ development goals for Africa

The African Development Bank has identified five areas of focus that will help it accelerate Africa’s economic transformation.

Dubbed the ‘High 5’, these points will guide the bank’s work following a business review.

The High 5 are: light up and power Africa; feed Africa; industrialise Africa; integrate Africa; and, improve the quality of life for people in Africa.

“To prosper, Africa needs a massive, concerted, ambitious effort to transform our economies,” said Akinwumi Adesina, president of the African Development Bank Group.

“We need growth that benefits everyone. The High 5 priorities will get us there more quickly.”

The bank has also undergone a reorganisation to help it become more agile and responsive. Three new vice presidencies have been established in the areas of: power, energy and green growth; agriculture and human development; and on infrastructure, industrialisation and the private sector.

It also established five regional integration and business delivery offices in order to be closer to clients and improve efficiency.

The High 5 and the AfDB’s recent progress are set out in its Annual Development Effectiveness Review 2016.

By Vivienne Russell, this report was first published by Public Finance International

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