President Yoweri Museveni has arrived in the Rwanda’s capital Kigali for the 2014 annual Africa Development Bank (AfDB) meeting currently taking place at the Kigali International Conference Centre’s Serena Hotel.
The AfDB 49th annual meeting and the 40th meeting of its affiliate, the Africa Development Fund is being held under the theme, "The Next 50 Years: The Africa We Want".
Mr. Museveni who arrived this morning at Kigali International Airport was received by the Rwanda Foreign Affairs Minister, Mushyikiwabo Louise and that of Local government, Musoni James. He will attend the formal opening ceremony of the two meetings and later join seven other presidents to an interactive session at the Mount Karisimbi Tent dubbed, Have Your Say, after which they will have a working lunch with the governors.
The meeting has attracted over 2,500 delegates, including Finance Ministers and Central Bank Governors from the Bank’s 54 regional member countries.
This comes barely a month after the AfDB launched 'Africa50', a development fund designed to help scale up foreign infrastructure investments on the continent hence increasing the number of bankable infrastructure projects and creating financial structures that facilitate development.
The Bank estimates that current infrastructure needs in Sub-saharan Africa is at US$100billion annually, with a shortfall of US$31bn each year.