The African Development Bank AfDB is set to launch a Pan-African Financial Coordination Platform aimed at strengthening collaboration among regional financial institutions and improving the efficient deployment of capital across the continent.
AfDB President, Dr Sidi Ould Tah, announced the initiative after a consultative meeting with key development finance institutions DFIs, held shortly after earlier engagements with African securities exchanges as part of broader industry consultations.
Ould Tah noted that African nations require substantial financial resources to meet their development goals, making closer cooperation among DFIs essential.