The African Development Bank raised $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 last week.
It brings the total investment for the year to about $64 billion, said Adesina. The bank secured $32.8 billion at another meeting with investors in March.
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Adesina gave few details about the projects but said one focus would be agricultural processing zones.
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:
Reuters
