Amadou Hott, a prominent candidate for the presidency of the African Development Bank (AfDB), recently shared his vision for transforming the Bank’s approach to engaging with the private sector in an interview with CNBC Africa. Hott emphasized the crucial role of the private sector in driving African development and integration, proposing a dedicated vice presidency for private sector operations within the Bank.
This innovative strategy aims to enhance the AfDB’s collaboration with businesses across the continent, from small and medium-sized enterprises to large corporations. Hott highlighted the importance of working with the private sector to address debt vulnerability, promote job creation, and bring the African Development Fund to the market. By establishing a specialized complex for private sector operations, Hott seeks to streamline cooperation with businesses and develop tailored financial solutions to support job creation and private sector growth in Africa.
Hott’s extensive experience within the African Development Bank Group positions him as a knowledgeable candidate for the presidency. He previously served as the Vice-President for the energy sector, climate, and green growth within the Bank and held roles as Senegal’s Minister of Economy, Planning, and Cooperation, as well as Special Envoy for Climate and the Alliance for Green Infrastructure in Africa.
In addition to his focus on private sector engagement, Hott’s strategic plan for the AfDB includes initiatives to accelerate projects related to universal energy access, enhance resource mobilization through hybrid capital, and strengthen institutional capacity building to better serve member countries. His holistic approach aims to foster collaboration between the public and private sectors, driving economic growth and development across Africa.
For more information on Amadou Hott’s candidacy for the AfDB presidency, visit his website at www.AmadouHott.com. Media inquiries can be directed to media@amadouhott.com.
This article was distributed by APO Group on behalf of Amadou Hott, Candidate for the Presidency of the African Development Bank Group.
