The African Solidarity Fund's (FSA) 35th session of its Administrative Council began on November 5, 2025, at its headquarters in Niamey, Niger. The ceremony was presided over by Niger's Minister of Economy and Finance, Dr. Maman Laouali Abdou Rafa, who is also the FSA Governor for Niger. This session aims to equip the Fund with the necessary instruments to operationalize its new Medium-Term Strategic Development Plan (PDSMT 2026-2030), known as the "NEW SUMMIT 2030" plan.
The "NEW SUMMIT 2030" plan was approved by the Council of Governors on June 25, 2026, in Bamako, Mali. According to Dr. Maman Laouali Abdou Rafa, 2025 was a significant year for the Fund, with over 1,034 billion FCFA in guarantees approved, mobilizing nearly 1,920 billion FCFA in financing for the economies of member states. These interventions supported structuring projects in energy, infrastructure, industry, and services, contributing to job creation and economic resilience in member countries.
Niger's Minister of Economy and Finance reaffirmed the country's commitment to the FSA, emphasizing its role as an instrument of active solidarity between nations, promoting inclusive and sustainable development. The Minister stated that Niger, as the host country, believes in the FSA's mission and will continue to support its activities. The FSA's Director-General, Abdourahamane Diallo, welcomed the participants, highlighting the institution's founding principles, including solidarity between member states, financial cooperation, and risk sharing.
Abdourahamane Diallo emphasized that the FSA's ambition goes beyond financial intervention, aiming to make African solidarity a concrete instrument of economic sovereignty, structural transformation, and shared prosperity. He expressed confidence that the session's discussions will be fruitful, enabling the definition of strong, informed, and visionary orientations for the operational deployment of the "New SUMMIT 2030" plan.
The President of the FSA's Administrative Council, Sy Fadimata Tapo, underscored the importance of each member's commitment and the support of the FSA's presidency in achieving collective success. She emphasized that the "New SUMMIT 2030" plan aims to make each guarantee a tangible lever of solidarity between states and progress for populations, ensuring that growth benefits all, respects the environment, and guarantees the inclusion of vulnerable communities.
The 35th session of the FSA's Administrative Council will define the orientations and strategies for implementing the "New SUMMIT 2030" plan, which aims to strengthen the Fund's interventions in support of member states' economies. The session's outcomes are expected to contribute to the achievement of the FSA's mission and the promotion of African solidarity.
The FSA's activities have contributed significantly to the development of its member states, supporting projects that promote economic growth, job creation, and social progress. The Fund's commitment to solidarity and cooperation between African nations remains a cornerstone of its operations, as it continues to implement its strategic plan and support the development of the continent.
Key points
- The FSA's new strategic plan, "New SUMMIT 2030", aims to strengthen the Fund's interventions in support of member states' economies and promote African solidarity.
