Monday 11th August 2025
By inAfrika Reporter
The African Development Bank has reinforced its commitment to Zambia’s private sector-led transformation through a strategic side event during the inaugural Invest in Zambia International Conference. The session, themed “Catalyzing Private Sector Growth: Unlocking AfDB’s Financing Toolkit in Zambia,” brought together private companies, financial institutions, development partners, and government representatives. In opening remarks, Zambia Country Manager Raubil Olaniyi Durowoju underscored the Bank’s focus on private sector development as a driver of economic transformation, in alignment with Zambia’s Eighth National Development Plan. Presentations from various Bank departments outlined the institution’s wide range of non-sovereign financing instruments, including loans, equity participation, trade finance, guarantees, and blended finance options. Sector specialists from agriculture, transport infrastructure, and industry shared intervention priorities and opportunities for private sector involvement. The event concluded with remarks from Bleming Nekati, Regional Head for Private Sector Operations in Southern Africa, who described the moment as pivotal for building a robust pipeline of projects over the next year. An interactive Q&A allowed participants to address specific challenges, while bilateral meetings with companies and financial institutions further reinforced the Bank’s commitment to fostering inclusive and transformative growth in Zambia.
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