AfDB raises $31bn at investment forum
It brings the total investment for the year to about US$64 billion, said Adesina. The bank secured US$32.8 billion at another meeting with investors in March.
The African Development Bank (AfDB) raised US$31 billion in investment commitments for projects during the Africa Investment Forum, said the bank’s president Akinwumi Adesina at the end of the three-day meeting on Friday (4 November).
It brings the total investment for the year to about US$64 billion, said Adesina. The bank secured US$32.8 billion at another meeting with investors in March.
Adesina gave few details about the projects but said one focus would be agricultural processing zones.
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Projects announced earlier in the year were from sectors including agriculture and agro-processing, education, energy and climate, healthcare, minerals and mining, and information and communications technology.
Source: norvanreports.com
