SACE and African Development Bank Group to work together under the "Mattei Plan"

Business and Finance Business and Finance

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SACE and African Development Bank Group to work together under the "Mattei Plan"

^{Published on 2024-12-06 04:31:12 - Zawya}

The collaboration agreement, signed by Michal Ron, Chief International Business Officer of SACE, responsible for the Overseas Network and African Development Bank Vice President for Finance and Chief Financial Officer Hassatou N'Sele, was conceptualized under the "Mattei Plan" Task Force at the Italian Prime Minister's Office.

The Italian Export Credit Agency (SACE) and the African Development Bank Group (AfDB) have signed a Memorandum of Understanding (MoU) to collaborate under Italy's Mattei Plan, aimed at fostering sustainable development in Africa. This partnership focuses on enhancing economic growth, job creation, and energy security through initiatives like the Energy for Growth in Africa Platform, which supports renewable energy projects. The agreement was formalized during the G7 Summit in Italy, highlighting Italy's commitment to Africa's development. The collaboration will leverage SACE's expertise in export credit and the AfDB's extensive network and knowledge of African markets to promote investments, particularly in energy, infrastructure, and other key sectors, thereby strengthening economic ties between Italy and African nations.

Read the Full Zawya Article at:
[ https://www.zawya.com/en/press-release/africa-press-releases/sace-and-african-development-bank-group-to-work-together-under-the-mattei-plan-owv9y6ql ]

N@N

SACE and African Development Bank Group to work together under the "Mattei Plan"