Signed by European Commission President Ursula von der Leyen and African Development Bank Group President Dr Akinwumi Adesina, this landmark agreement renews the partnership between the two organisations. President von der Leyen said: “I’m very glad to launch a new era of cooperation with the African Development Bank Group. It will enable the African Development Bank Group and the European Commission to leverage on their respective resources to significantly support transformative investments in African countries and build resilient and sustainable economies. The European Commission and the African Development Bank Group have closely aligned strategic priorities and programming. These negotiations also considered developments in both organisations, notably in new provisions regarding the African Development Bank Group’s compliance with EU Restrictive Measures.

Source: News Business Ethiopia January 29, 2024 22:33 UTC