logo
LiFT Africa: turning strategy into delivery

LiFT Africa: turning strategy into delivery

IOL News27-05-2025

Africa's challenge today is not a lack of priorities—it is a lack of performance. Projects take too long. Approvals stall. Coordination fails to translate into integration. My vision is not about continuity for its own sake—it is about correcting what doesn't work, and scaling what does.
Image: Supplied.
The African Development Bank has no shortage of vision.
Its Ten-Year Strategy (2023–2032) sets a clear path for building sustainable, inclusive, and green economies across the continent.
But strategy, on its own, is not enough. Impact depends on implementation. What matters now is not what the Bank intends—but what it delivers.
This is where my LiFT Africa strategy comes in.
It is not a break from the Bank's purpose—it is the engine to realize it. A shift in mindset.
A platform for measurable results, faster execution, and deeper institutional discipline. Designed not to replace the Ten-Year Strategy, but to bring it to life—at scale.
Africa's challenge today is not a lack of priorities—it is a lack of performance. Projects take too long. Approvals stall. Coordination fails to translate into integration. My vision is not about continuity for its own sake—it is about correcting what doesn't work, and scaling what does.
Large-scale, integrated infrastructure is central to the Bank's long-term vision—and to LiFT Africa. But delivering it requires more than investment.
It demands execution systems that connect regional plans to project pipelines, public budgets to private capital, and long-term priorities to local delivery.
That means regional coordination platforms, simplified investment frameworks, and project delivery units that push past bottlenecks in real time.
Financial innovation must now scale.
During my tenure as Chief Financial Officer and Senior Vice President, I led the design and introduction of hybrid capital instruments to stretch the Bank's balance sheet and crowd in private investment.
Alongside co-financing platforms and blended tools like the Africa Investment Forum, these innovations demonstrated how development finance can be more catalytic.
But pilot projects alone will not close Africa's $100 billion infrastructure gap. We must take these innovations from boutique to mainstream—crowding in capital at volume, with disciplined preparation, risk governance, and delivery assurance.
Most critically, the Bank itself must transform. A high-performing AfDB must be faster, more accountable, and digitally enabled.
LiFT will halve approval timelines, embed real-time tracking across projects, and build a culture where delivery is the metric that matters. Development is not about intention—it is about execution. Either the road is built, or it is not. Either the lights stay on, or they do not.
The Ten-Year Strategy lays out the vision. LiFT Africa is how we operationalize it. From climate resilience and gender inclusion to food systems and regional value chains, the Bank's ambitions are clear. LiFT is how we meet them—not in PowerPoints, but in projects.
That also means delivering on the African Continental Free Trade Area—through corridors that connect, ports that move, and policies that align. And it means aligning with Agenda 2063 by making long-term transformation bankable, investable, and visible.
Africa doesn't need another strategy. It needs performance. LiFT Africa is that performance engine—anchored in delivery, fueled by trust, and designed to make this decade one of visible progress.
Under my leadership, the African Development Bank will be measured not by what it proposes, but by what it builds.
Swazi Tshabalala is a candidate for President of the African Development Bank and former Senior Vice President and Chief Financial Officer of the Bank.
Swazi Tshabalala
Image: Supplied.
BUSINESS REPORT

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Africa Food Show: Tapping into the potential of the continent's food and beverage market
Africa Food Show: Tapping into the potential of the continent's food and beverage market

The Citizen

time4 days ago

  • The Citizen

Africa Food Show: Tapping into the potential of the continent's food and beverage market

Out of the 350 exhibitors at the Africa Food Show 2025, approximately 50% are South African. The inaugural African Food Show will be hosted in Cape Town this week. Picture: Supplied With the African Development Bank estimating that the African food and beverage market is set to reach $1 trillion by 2030, the inaugural Africa Food Show, taking place in Cape Town this week, is tapping into this emerging market. Set to be hosted at the Cape Town International Convention Centre (CTICC), the Africa Food Show is expected to bring together over 350 exhibitors and 6,000 visitors from more than 25 countries. 'Out of the 350 exhibitors at the Africa Food Show 2025, approximately 50% are South African. The remaining exhibitors are international participants from over 30 countries,' Events manager at dmg events, Margaret Peters tells The Citizen. Peters says the balanced representation of exhibitors highlights the show's dual focus. 'Showcasing South Africa's vibrant food and beverage sector while also fostering global trade and collaboration.' The two-day food and beverage gathering is part of the globally recognised Gulfood series, which includes the world's largest food and beverage exhibition in Dubai. 'This association lends the event significant credibility and draws international attention. The show is also backed by dmg events and the Dubai World Trade Centre, both experienced in organizing large-scale global expos,' shares Peters. The show will take place from June 10 to 12. ALSO READ: Cape Town is on the up, here's why Cape Town's appeal Cape Town's global appeal as a film destination is driving a significant economic upswing in the city's hospitality industry. According to the City's Film Permits Office, from November 1, 2023, to June 30, 2024, film crews booked more than 59,000 beds in Cape Town, spending nearly R148 million. The Cape Town CBD is a well-managed CBD, with several partners working together to ensure it is safe, clean, and a welcoming environment in which to visit and conduct business. This is one of the main reasons organisers of the Africa Food Show decided to host their inaugural event on the continent in the Western Cape city. 'Its global appeal, bolstered by a strong tourism sector and vibrant hospitality industry, makes it an attractive destination for both business and leisure travellers,' says Peters. 'Additionally, the city's alignment with themes of innovation and sustainability complements our Africa Food Summit, which focuses on climate-smart and healthy food solutions.' ALSO READ: For all the tea in… Mzansi Industry focused The Africa Food Show is primarily targeted at companies, brands, and industry professionals rather than the general public. Its focus is on creating a platform for business-to-business (B2B) engagement, where food and beverage manufacturers, suppliers, distributors, and retailers can connect, showcase innovations, and explore trade opportunities. 'That said, while the core audience is industry-focused, events like this often include public-access days or consumer-focused segments, especially to promote local products or culinary experiences,' says Peters. NOW READ: Beer lovers and cannabis connoisseurs to gather in Gauteng's biggest cities this weekend

Why innovative financing is critical to closing Africa's infrastructure gap now
Why innovative financing is critical to closing Africa's infrastructure gap now

Eyewitness News

time7 days ago

  • Eyewitness News

Why innovative financing is critical to closing Africa's infrastructure gap now

Kopano Mohlala 5 June 2025 | 9:53 Acclaimed journalist Crystal Orderson, who specialises in economic and political affairs concerning the African continent, joins 702's Bongani Bingwa to discuss Africa's infrastructure challenges and opportunities. Listen Below: "The infrastructure deficit is massive." Crystal Orderson, Journalist The African Development Bank estimates that the continent needs between $130 billion and $170 billion annually to close this gap. However, Orderson notes that there are pockets of investment in various sectors, including minerals and metals, transport, logistics, water and sanitation, and digital infrastructure, but this is country-specific. 'This is, of course, driven by specific population growth, urbanisation, and energy needs, but those are in specific countries.' - Crystal Orderson, Journalist One promising yet underutilised source of funding is African pension funds. Financing fund managers indicate that these funds hold tremendous potential. In 2020, African pension funds managed approximately $500 billion in assets, with projections suggesting this could grow to R7.5 trillion by 2025. Yet, less than 3% of these assets are allocated to infrastructure. 'There needs to be a confidence vault that these pension funds should invest in infrastructure, because that's where the growth could lie for countries.' - Crystal Orderson, Journalist Much of this capital remains tied up in low-risk government bonds or foreign markets, primarily because of a lack of domestic investment confidence. Nonetheless, there are positive examples. In South Africa, the Government Employees Pension Fund has allocated funds for infrastructure, and in Kenya, the Retirement Benefits Authority has committed nearly 10% of its portfolio to infrastructure development. There are two key investors in major projects across the continent: The African Infrastructure Managers Fund invests in northern, eastern, western, and southern Africa, having garnered assets worth approximately $3.2 billion, with a focus on specific infrastructure projects across the continent. The African Development Bank, which has been investing in Africa's agricultural sector, announced that $ 500 million has been invested in small-scale farmers and agribusiness. Another success story is Ethiopia's thriving coffee sector, which reached $2 billion in exports in just 10 months. 'Over a third of women are actually part of the coffee industry and make up 75% of the labour sector.' - Crystal Orderson, Journalist With support, Ethiopia's government has been able to successfully invest in the country's small-scale farming activities. One of the most compelling examples of successful infrastructure financing is the 480-kilometre railway line connecting Nairobi to Mombasa in Kenya. The Mombasa-Nairobi Standard Gauge Railway was completed in 2017, and the project was financed through a combination of public-private partnerships and international funding sources. Orderson recalls how, in the past, a trip between these two major cities entailed a 12-hour journey along potholed roads and through traffic jams. Today, the railway not only transports over 30,000 passengers daily but also efficiently manages large volumes of cargo through Kenya's ports. 'It's quite interesting because you had funding coming together, and it has been a game-changer. Now you can take a ride in the morning and arrive in Mombasa at the beach during lunchtime.' - Crystal Orderson, Journalist She says Africa has the capital - but what it needs is confidence. "It takes political will - with the private sector and multilateral institutions to come together to make a difference." - Crystal Orderson, Journalist With the right partnerships, creativity, a suitable environment, and innovative thinking, pension funds can be effectively utilised to finance large-scale infrastructure projects. That includes attracting private capital through blended financing structures and public-private, which are crucial to bridging the gap. Catch up on episodes of the RMB Africa Focus that you may have missed here.

World Bank lifts lending freeze over Uganda anti-LGBTQ law
World Bank lifts lending freeze over Uganda anti-LGBTQ law

Eyewitness News

time05-06-2025

  • Eyewitness News

World Bank lifts lending freeze over Uganda anti-LGBTQ law

NAIROBI - The World Bank is lifting a freeze on lending to Uganda it put in place in response to a 2023 law criminalising homosexuality, after taking steps to counter discrimination, it said Wednesday. Uganda's anti-LGBTQ law, one of the most severe in the world, provides for harsh sentences for same-sex relations or "promoting" homosexuality, including the death penalty in some cases. After longtime President Yoweri Museveni signed it into law in May 2023, the World Bank halted all new loans to Uganda, saying projects it financed had to adhere to its non-discriminatory policies. Since then, "the World Bank worked with the government and other stakeholders in the country to introduce, implement and test measures that prevent discrimination in World Bank-funded projects," a spokesman told AFP. "We have now determined the mitigation measures rolled out over the last several months in all ongoing projects in Uganda to be satisfactory," he added. "Consequently, the Bank has prepared new projects in sectors with significant development needs," which will be presented to the World Bank's board, he said. "All new projects have the mitigations measures embedded in them," he added. "The World Bank cannot deliver on its mission to end poverty and boost shared prosperity on a liveable planet unless all people can participate in, and benefit from, the projects we finance." Uganda has lost between $586 million and $2.4 billion a year because of the anti-LGBTQ law, notably because of frozen financing, British charity Open for Business estimated last year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store