OPEC Fund Quarterly - 2026 Q2

CONTENTS

5-29

OUR MAIN FEATURES Cover story In search of comprehensive innovation for long-term development

6-7

 Reframing the “innovation turn” in development strategy

8-10  More melody, less volume: Financing industrial transformation across Africa 11-13  Technology does not fail Africa’s farmers, systems do 14-15  Innovating for resilient agriculture across Africa 16-17  Africa’s green energy future must be written on African terms 18-23  New approaches in financial services and markets 24-27  Op-ed: AI as a new industrial revolution in the developing world 28-29  The OPEC Fund Young Leaders Initiative

Africa’s green energy future p 16-17

Photos: iStock; (inset) University of Johannesburg

IN OTHER SECTIONS

In the Field 30-31 The OPEC Fund in Senegal: “The key is how you manage your resources” Spotlight 32-35 The OPEC Fund celebrates its 50th anniversary, marking past achievements and preparing new endeavors

Development News 36-39

Review 46-49 Why we should not despair about climate change – but still need to worry The Back Page 50 The OPEC Fund launches revamped Annual Award for Development

New OPEC Fund projects in Bangladesh, Burkina Faso, Colombia, Côte d’Ivoire, Democratic Republic of the Congo, Egypt, Eswatini, Fiji, Grenada, Kosovo, Malawi, Nicaragua, Niger, Oman, Sierra Leone and the Solomon Islands Events 40-45 40-41  The OPEC Fund and Africa: Partnership in action 42-43 Strengthening ties with Latin America 44-45 W orld Governments Summit,

the Pacific Healthy Islands Project, IFAD Leaders’ meeting in Rome

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