Addressing the complex and evolving development challenges across Africa demands more than traditional approaches. The World Bank is advocating for a new paradigm of collaborative and results-oriented partnerships, recognizing that global issues such as climate change, health crises, and economic instability necessitate synchronized action from a broad spectrum of stakeholders. This renewed call to action emphasizes the need for tangible outcomes and measurable progress to truly transform the continent.

Beyond Friendship: A Strategic Approach

World Bank President Ajay Banga underscored this critical shift during his tribute to African Development Bank (AfDB) President Dr. Akinwumi Adesina at the closing ceremony of the AfDB's 2025 Annual Meetings in Abidjan, Côte d’Ivoire. As Dr. Adesina prepares to conclude his impactful 10-year tenure at the end of August, marking his final Annual Meeting as AfDB president, Banga's remarks resonated deeply.

Reflecting on both institutional and personal connections, Banga acknowledged that his early engagement with Dr. Adesina, even before assuming the World Bank presidency, laid the groundwork for a revitalized partnership between the two pivotal institutions. However, he was quick to emphasize that personal rapport, while valuable, is not a substitute for a well-defined strategy. "But friendship alone is not a strategy, and we both knew that," Banga stated, highlighting the imperative for a more structured and outcome-focused collaboration.

Mission 300: A Model of Strategic Alignment

Banga pointed to the groundbreaking "Mission 300" initiative as a prime example of strategic alignment and effective partnership in action. This ambitious undertaking, jointly launched by the World Bank and AfDB, aims to provide electricity access to a staggering 300 million people across Africa.

"It’s a shared ambition to bring energy to 300 million people in Africa, a demonstration of what is possible when the multilateral development banks work like a system,” he explained. This initiative exemplifies the potential for significant impact when major development institutions operate in concert, pooling resources and expertise towards a common, transformative goal. According to the World Bank president, achieving real impact hinges on delivering tangible results, effectively attracting private sector investment, and creating sustainable jobs that genuinely improve the quality of life on the continent. “We have made real progress in a short time, but the eyes of the world are upon us. What we need to show is real progress, real results, real opportunities,” Banga asserted, emphasizing the urgency and accountability required.

Looking Ahead: Leadership Transition and Continued Collaboration

During their meeting, the AfDB’s shareholders elected former Mauritanian Finance Minister Sidi Ould Tah as Dr. Adesina’s successor. Tah brings a wealth of experience to the role, having most recently served for a decade as President of the Arab Bank for Economic Development in Africa (BADEA).

Banga expressed strong confidence in the AfDB's future under Tah’s leadership and reaffirmed the World Bank’s unwavering commitment to close collaboration with the AfDB. “It will grow stronger because our work is far from done, and we are united in our shared purpose,” he stated, signaling a continued strong alliance between the two development powerhouses. He also extended heartfelt appreciation to Dr. Adesina and the entire AfDB team, acknowledging their profound contributions: “Thank you for your leadership, your friendship, your passion, and your commitment to Africa.”

The 2025 AfDB Annual Meetings, held under the resonant theme “Making Africa’s Capital Work Better for Africa’s Development,” drew an impressive turnout of over 6,000 delegates, including numerous African heads of state and government. The discussions and outcomes of these meetings underscore a collective commitment to harnessing Africa's potential through strategic partnerships and impactful development initiatives.