CEOs, world leaders seek investment in Africa’s future

More than 100 African and international CEOs, world leaders and artists have signed the Abidjan Accord, which is an urgent call to G20 governments to increase their contributions to International Development Association (IDA), the World Bank’s fund to help lift 77 of the world’s developing nations out of poverty, many of which are in Sub-Saharan Africa.

The call was made at the Economic Development Assembly: Advancing Africa’s Future, which held, yesterday, in Abidjan, Côte d’Ivoire. The Abidjan Accord urged world’s wealthiest nations to support Africa’s development by working towards a $120 billion replenishment for the World Bank’s commitment to IDA.

The declaration was presented at the conclusion of the two-day gathering to drive strategic investments in the African continent.

During the Assembly, new initiatives were announced to advance development across the continent, including announcements in support of Gavi, The Vaccine Alliance.

Additionally, business leaders announced investments in the future of the continent, including Energea and Hecate Energy, who are teaming up to build utility-scale solar installations in Africa.