OPEC Fund Deepens Partnership with AfDB in Côte d’Ivoire Mission
The OPEC Fund for International Development (OPEC Fund) is undertaking an official mission to Côte d’Ivoire, led by President Abdulhamid Alkhalifa, to strengthen strategic cooperation with the African Development Bank Group (AfDB) and advance joint efforts in supporting sustainable development across Africa.
A key feature of the visit was the AfDB–OPEC Fund Partnership Day at AfDB headquarters, which brought together senior leaders from both institutions to reinforce collaboration and align development priorities.
During the mission, President Alkhalifa and AfDB President Sidi Ould Tah held bilateral discussions and signed an amendment to the existing Memorandum of Understanding, enhancing cooperation across public and private sector operations, co-financing initiatives, and knowledge exchange.
President Alkhalifa emphasised the centrality of Africa to the OPEC Fund’s mission, stating: “Our partnership with the AfDB continues to evolve into a more strategic and impact-driven collaboration, focused on accelerating delivery and supporting country-led development priorities. By working more closely together, we can scale solutions and deliver stronger results for people and communities across the continent.”
The OPEC Fund and AfDB have partnered for nearly fifty years, supporting approximately 120 projects across energy, transport, agriculture, water, health, education and finance, with US$1.5 billion in co-financing.
During the mission, President Alkhalifa visited the Atinkou Power Plant, a 390-MW combined-cycle gas facility co-financed with international development partners, including AfDB. The project has enhanced Côte d’Ivoire’s baseload power supply by replacing inefficient generation capacity and providing reliable electricity to households and industry.
President Alkhalifa will also take part in a high-level consultation between the Arab Coordination Group and the AfDB, aimed at improving coordination among development partners and supporting Africa’s long-term growth and resilience.
