Create a SADC (African Development Community) Regional Development Fund
South Africa), endowed with 1.2 billion dollars, in order to mobilize domestic resources to invest in
regional infrastructure and industrialization.
This is what the President of the AfDB (African Development Bank) Group, Akinwumi
Adesina, during the 39th SADC Summit. “Last May, the AfDB released two million dollars for
the implementation of this fund, in particular for agricultural and mining projects and the production of
medications. In 2018, the Bank financed the dissemination of technologies to combat armyworm
autumn, a worm that threatens food security in the region. Some 1.5 million farmers have
benefited", supported the President of the AfDB, who highlighted his commitment to the creation of this
Regional Development Fund.
Success. According to the AfDB, the USD 13 billion it has invested in Southern Africa since 2012 has generated
strong results. "Africa must not lack ambition", launched Akinwumi Adesina, to the Heads of State and
government of the 16 SADC member countries, with the assistance of more than 1,000 delegates gathered in
Dar es Salaam, Tanzania.
Remarks that the President of Tanzania, John Magufuli, at the head of the economic integration body
regional supported. “Our countries are not poor. They have all the resources they have.
need to be rich in terms of population, wild animals, plant species, ecosystems
marine, minerals and hydrocarbons," he said.
In addition, for the AfDB, investments in infrastructure must continue, in order to support
the economy. Moreover, the discussions during the SADC Summit had as their theme: "A
enabling environment for inclusive and sustainable industrial development, increased
interregional exchanges and job creation”.