The African Development Bank Group’s Board of Directors has approved a $5.3 million grant to support the Project to Strengthen the Public-Private Partnership Environment for the Promotion of Private Investment in The Gambia, Guinea-Bissau, Madagascar, and Togo. Approved in Abidjan on 27 June 2025, the project will be financed through the Bank’s Transition Support Facility, which provides concessional resources to countries in fragile and conflict situations.
The initiative aims to enhance the public–private partnership framework in the four countries to encourage and attract private investment. It will work on creating a more coherent and appealing environment for the private sector, operationalising institutional setups for PPPs, and building the capacity of stakeholders to negotiate fair and balanced contracts.
The project will also seek to increase private sector involvement, with a particular focus on local businesses, by providing case-based learning opportunities that guide stakeholders through the different stages of a project cycle using newly developed tools. Additionally, an effective project management unit will be established to ensure smooth implementation, maintain strategic oversight, and make the project’s achievements visible and sustainable.
According to Solomon Quaynor, Vice President of the African Development Bank Group for the Private Sector, Infrastructure, and Industrialisation, this initiative builds on the Bank’s previous efforts to strengthen the business environment and foster private sector growth in these countries, aligning with its strategic framework for public–private partnerships.
Related Posts
