The African Development Bank (AfDB) and the European Investment Bank (EIB) have just signed a joint partnership action plan highlighting their enhanced cooperation and mutual development priorities in order to stimulate investment in the public and private in Africa. The two institutions will develop a common portfolio of bankable projects. This agreement, initialed by Bajabulile Swazi Tshabalala, Acting Senior Vice-President of the ADB, and Thomas Östros, EIB Vice-President, during a virtual ceremony, follows the meeting of an EIB delegation with the African Development Bank, in February 2020.
