04.06.2013 - Africa: Infrastructure mega-fund in the pipeline
The African Development Bank will launch a vehicle to help meet Africaís $93bn annual infrastructure financing needs. The vehicle will probably target African central banks and sovereign wealth funds with its first bond issues, after which Mr Kaberuka hopes it will to go to the public debt markets. With the Africanís infrastructure financing needs growing as economic growth continues apace, the African Development Bank (AfDB) is launching a multi-billion dollar fund to finance infrastructure investment on the continent...............................................Full Article: Source
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