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The African Development Bank Calls for Major Investments to Enhance Wealth Creation on the Continent

May 30, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
The African Development Bank Calls for Major Investments to Enhance Wealth Creation on the Continent

The President of the African Development Bank Group, Sidi Ould Tah, called for a radical transformation in the development financing model in Africa by focusing on large-scale investment projects capable of valuing natural resources locally and creating greater added value, emphasizing that reliance on exporting raw materials or limited-impact projects is no longer sufficient to achieve the desired development. Ould Tah explained, during a press conference held on the occasion of the conclusion of the annual meetings of the African Development Bank, that the continent's wealth of natural resources and increasing demographic weight necessitates adopting a new approach to development financing based on structured investments that support manufacturing and local processing of African resources.

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