africa Aid Banking development Donors Economy FDI Finance Ghana Infrastructure Malawi Mozambique

AfDB approves $69.6M risk in infrastructure for Mozambique, Malawi & Ghana

The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank Group (AfDB), has approved two transport sector investment risk participations amounting to US $69.6 million under its Private Sector Credit Enhancement Facility (PSF).

These two transactions are risk participations in Private Sector projects of the Bank Group and cover investment projects in Ghana, Malawi and Mozambique. The two projects will contribute significantly to regional integration and trade.

Launched in 2015, the PSF is the AfDB’s risk-sharing initiative to increase private financing in low-income countries. With these approved risk participations, the cumulative amount of exposures approved since commencing operations has reached US $420 million (62% of total program amount).

These new transactions bring to 25 the number of approved projects under the PSF scheme, which covers a cross section of sectors including the transport, energy, industrial, agro industry and financial sectors.

Source: WorldStage

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One comment

  1. The afdb has been so helpful to the least developing countries ie; malawi. This aid that is centred at the risk participation in private sectors will help in building the africa especially the southern Africa. These listed countries will appreciate the result by impowering the private industry hence development in these nations and africa.
    These nations usually suffer with the cause of corruption and inflexibility of their governments.

    Like

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