News
USTDA, AfDB renew partnership to advance quality infrastructure in Africa
Development Bank and the U.S. Trade and Development Agency have renewed a Memorandum of Understanding (MOU), extending their strategic partnership for five years. This agreement underscores a shared commitment to advancing quality infrastructure development across Africa by strengthening national procurement systems and aligning them with international best practices, leveling the playing field for international competition. The MOU also formalizes ongoing coordination to develop a pipeline of bankable projects that can benefit from USTDA’s project preparation grants.
“The extension of our strategic partnership reaffirms our shared commitment to creating a more sustainable and prosperous future for Africa,” said USTDA Director Enoh T. Ebong. “By combining our resources and expertise, we are delivering impactful solutions that promote high-quality, sustainable infrastructure on the continent while increasing opportunity for U.S. companies by promoting fair, transparent, and effective procurement systems.”
The renewed MOU emphasizes enhancing public procurement capabilities to create transparent and efficient systems that support economic growth and sustainable development. A significant new element of the partnership focuses on project preparation, highlighting USTDA and AfDB’s dedication to improving project design and readiness. By leveraging the competitive advantages of U.S. companies in sectors such as energy, transportation, digital, and healthcare infrastructure, the partnership aims to integrate innovative solutions into development activities. This strategic approach is intended to attract investment and ensure the successful implementation of infrastructure projects across the continent. The original MOU was signed in 2018 under USTDA’s Global Procurement Initiative (GPI)).
African Development Bank Senior Vice President Marie Laure Akin-Olugbade commended the continued collaboration. “This will ensure that we continue to strengthen national procurement institutions, build capacity, and ensure effective implementation of procurement programs within our regional member countries,” she said. “This fortifies our institutions’ joint ambitions to assist emerging economies in developing policies and procedures promoting best procurement practices, ultimately fostering sustainable economic growth across the continent.” Launched in 2013, GPI is dedicated to assisting public officials in emerging economies to better understand the total cost of ownership of goods and services for infrastructure projects. The initiative now includes 16 partner countries.
-
Oil and Gas1 day agoMy ₦48m annual salary, savings used to fund children’s schooling in Switzerland— Farouk Ahmed
-
Economy1 day agoAfDB raises $11bn for low-cost lending window, falls short of $25bn target
-
News1 day ago
Airtel Africa teams up with Starlink to launch direct-to-cell service in 14 markets
-
Oil and Gas1 day agoFarouk Ahmed, Gbenga Komolafe resign appointments
-
Oil and Gas1 day agoLagride secures $100m Uba facility, expands Ev charging infrastructure
-
Oil and Gas1 day agoNigeria crude oil sales yielded N37.7 trn revenue in 9 months, 2025
-
Economy8 hours agoTinubu to present 2026 budget to NASS on Friday
-
News8 hours agoNigerian migrants, others ‘stole American jobs’—Trump
