The African Development Bank (AfDB) is hosting its first ever Business Opportunities seminar (BOS) in East Africa in a bid to step up its partnership with the private sector.
The seminar will take place from October 2 to October 4, 2017, at Crowne Plaza Hotel in Nairobi, and will bring together key players in the East Africa’s private sector to present to them the business opportunities arising out of the Bank Group’s financing. During the Seminar participants will be introduced to the Bank’s strategic areas of focus – the Hi-5s; operational priorities and project pipeline; as well as a full repertoire of financing products which they can tap on.
The target participants are: individual consultants and consulting firms, civil works contractors, manufacturers, suppliers, commercial attaches of embassies from the regional and non-regional members of the Bank Group, Commercial attaches of embassies/trade commissioners and Export-Import Banks.
The bank believes the private sector players have professional expertise and financial capability to make a significant contribution in transforming the lives of the African people. In this regard, the BOS not only aims at increasing the pool of competent providers of goods and services to participate in its project, but also seeks to crowd in private sector financing to scale-up delivery of its transformative projects, through avenues such as public-private-partnerships (PPPs).
Announcing the upcoming seminar, Mr. Gabriel Negatu, AfDB Director General for the East Africa Regional Hub said, “We are happy to host the first BOS covering the East African region. It is expected that, through this forum, a number of partnerships and financing opportunities will be identified, through which the Bank will further its support for private investments that will benefit the East African economy.”
