African Development Bank working to raise $100 billion to finance massive infrastructure projects on the continent

Image/Courtesy African Development Bank

The African Development Bank in working to raise US$100 billion to finance bankable infrastructure projects across the continent, a senior bank official has said.

According to the bank's regional director for East Africa Gabriel Negatu, approximately half of the fund would be raised by digging into the foreign currency reserves of willing states among the 53-member countries on the African continent. The balance of the funds will come from

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