MIL-OSI Banking: Statement by Dr. Akinwumi A. Adesina, President, African Development Bank, at the United Nations High-Level Dialogue on Energy, “Scaling up…

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Source: African Development Bank Group

The High-level Dialogue on Energy, convened by UN Secretary-General António Guterres at on the sidelines of the 76th United Nations General Assembly, brought together Heads of State and Government as well as leaders from business, foundations, and international, civil society and youth organizations, to mobilize commitments and actions. 

The Dialogue focused on two main issues: a global roadmap with recommended actions and milestones to accelerate achievement of SDG7 by 2030; and voluntary commitments from Member States and other stakeholders in the form of “Energy Compacts”, setting out actions planned to advance clean, affordable energy for all by 2030 and net zero emissions by 2050. 

“To meet SDG7 in the world, we must meet it in Africa,” said Dr. Akinwumi A. Adesina, President, African Development Bank. “Since the African Development Bank launched its New Deal on Energy for Africa in 2015, we have invested over $7.2 billion in the energy sector,” he added.

During this session, President Adesina made a bold commitment: “We will invest $14 billion in energy projects by 2030, and leverage at least an additional $42 billion in co-financing,” he said.

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