Visit of the Argentine Undersecretary for Foreign Policy to the African Development Bank highlights partnership opportunities in the agricultural and pharmaceutical sectors

by MMC
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African Development Bank (AfDB) Group

African Development Bank (AfDB) Group

Visiting the African Development Bank (http://www.AfDB.org), Argentina’s Undersecretary for Foreign Affairs, Claudio Rozencwaig, expressed keen interest in deepening the existing partnership and exploring opportunities that benefit Argentine and African businesses, particularly in the agriculture and of the pharmacy.

The Undersecretary, who visited the Bank’s headquarters in Abidjan on September 12, held discussions with the Bank’s Executive Director for Argentina, Austria, Brazil, Japan and Saudi Saudi Arabia, Takaaki Nomoto, as well as with senior officials of the Bank. He was accompanied by the Argentinian Ambassador to Nigeria, Alejandro Herrero.

Simon Mizrahi, African Development Bank Vice President for Technology and Corporate Services, welcomed the visitors. Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor, and Alex Mubiru, Managing Director of the Office of the Bank Chief, Dr. Akinwumi Adesina, also attended the meeting, as did several officials Bank complexes.

Rozencwaig said Argentina has a lot to offer in the agricultural sector, especially in livestock production, machinery and techniques to minimize post-harvest losses. He said his country also had capabilities in satellite imaging for research and transportation, as well as in the field of animal pharmaceuticals.

The government has a history of participating in “triangular cooperation” agreements with donors, including the Japan International Cooperation Agency and the Islamic Development Bank. As part of these arrangements, Argentina provided technical assistance and expertise, he said. Rozencwaig also expressed interest in learning more about the Bank’s procurement processes.

Quaynor stressed that Argentina’s agricultural expertise was of particular interest to the Bank. He highlighted the importance of the agricultural sector to the African Development Bank’s strategic plans, including its Feed Africa High-5 priority (https://apo-opa.info/3OiFCJL).

“The synergies between the Bank’s regional member countries and this South American country go beyond trade. For example, post-harvest losses were as high as 40% in some African countries, Quaynor said, a problem the Bank was working to address. He also cited Botswana as an African country likely to welcome partnerships with Argentine beef producers.

Quaynor said the Africa Investment Forum (www.AfricaInvestmentForum.com/) The market days, scheduled for November 8-10, represented an excellent entry point for Argentine companies wishing to invest in Africa.

Damian Ihedioha, division director for agribusiness, said the food and agriculture delivery pacts developed at the Dakar Food Summit (https://apo-opa.info/3pcmbZA) constituted another potential entry point for Argentine companies. Ihedioha said the pacts would attract investments in increasing agricultural productivity and establishing climate-smart agricultural systems across the food value chain. He cited aquaculture and the blue economy as another area of ​​convergence.

Richard Ofori-Mante, acting director of agricultural finance at the African Development Bank, said the Bank was working to support the development of special agro-industrial zones and these needs would require agricultural machinery. He said satellite technology offered a way to assess soil quality to increase productivity.

Another avenue for partnership and engagement discussed during the conversation is the Bank’s South-South Cooperation Trust Fund, which was created under the leadership of Brazil to help African countries mobilize and leverage solutions development and technical expertise available in the South.

Eduardo Rolim de Pontes Vieira, senior adviser to Executive Director Nomoto, said that although the fund was created in partnership with Brazil, it was being reconstituted as a multi-stakeholder trust fund, a move that would allow the Argentina to become a donor.

Discussions also focused on attracting more Argentine professionals to the African Development Bank, potentially through its Young Professionals programme, with Mubiru suggesting holding a recruitment seminar in the country.

Argentina became a member of the African Development Fund in 1979 and the African Development Bank in 1985. The country pledged $15 million to the 12th African Development Fund.th restocking.

Other topics covered included the Bank’s Business Opportunities Seminars, held twice a year, as a way to learn more about the African Development Bank’s procurement processes. The next seminar is scheduled for October 2023.

The visit came as Argentina seeks to expand its presence across Africa. The country has opened embassies in Mozambique and Angola in recent years and plans to reopen an embassy in Ivory Coast.

Distributed by APO Group for the African Development Bank (AfDB) Group.

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