Finland Strengthens Collaboration with the African Development Bank Ahead of African Development Fund’s 17th Replenishment

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Finland: Siltanews – News Desk
Finland reaffirmed its commitment to Africa’s development during a visit to the African Development Bank’s headquarters in Abidjan, Côte d’Ivoire on 23 January 2025. Led by Anna-Kaisa Heikkinen, the country’s Director General for Africa, Middle East, and Latin America, a Finnish delegation met with Bank leaders to discuss deepening collaboration between the two entities, circular economy and ongoing preparations for the African Development Fund’s 17th replenishment (ADF-17).

The Finnish delegation also included Ambassador Anu Saxén, Finland’s envoy to Senegal, Côte d’Ivoire, and The Gambia; Krista Napola, Ministry for Foreign Affairs Director for West and North Africa; and other senior officials.

The Bank Group team was led by Dr Beth Dunford, Vice President for Agriculture, Human and Social Development. Also present were  Mette Knudsen, the Bank Group’s Executive Director for Denmark, Finland, India, Ireland, Norway and Sweden; Gauthier Bourland, Senior Director, Resource Mobilization and Partnerships Department and Special Advisor to the Bank President; Joy Kategekwa, Director of the Bank’s Regional Integration Coordination Office and representatives from the Resource Mobilization and Partnerships Department, Regional Integration Coordination Office, Climate Change and Green Growth Department, and Operational Procurement Department.

Welcoming the visitors, Vice President Dunford praised Finland as a longstanding development partner for Africa and the Bank Group.

The discussions centered on Africa’s key challenges and opportunities, regional economic integration under the African Continental Free Trade Area (AfCFTA), and Finland’s contributions to sustainable development initiatives, including the Africa Circular Economy Facility (ACEF), of which it is a founding development partner.

Co-established with the Nordic Development Fund in 2022, the €4 million Africa Circular Economy Facility is a multi-donor grants trust fund hosted by the African Development Bank that works to mainstream the circular economy toward helping African countries meet Paris Agreement, Sustainable Development Goals and the African Union Agenda 2063 targets.

Heikkinen said, “The Bank’s expertise, financing, and the comprehensive country-level presence in Africa are of great value. To Fund Africa Circular Economy Facility, Finland is especially happy to see circular economy fully mainstreamed into the Group’s functions.”  In 2024, Finland doubled its contribution to ACEF by providing an additional €2 million.

Heikkinen also affirmed Finland’s continued support for multilateral channels for development cooperation, and the importance of the country’s partnership with the African Development Bank.

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