News Formal

Private sector investment in Africa’s infrastructure in 2020 stands at $19bn —AfDB | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

United States News News

United States United States Latest News,United States United States Headlines

The African Development Bank (AfDB), said private sector investment in Africa’s infrastructure in 2020 was 19 billion dollars, the highest since 2016.

Mr Solomon Quaynor, AfDB Vice President for the Private Sector, Infrastructure and Industrialisation said this at a webinar organised by the bank and the Japan International Cooperation Agency .

“Private sector investment in Africa’s infrastructure rose to 19 billion dollars in 2020, representing 23 per cent, the highest since 2016. The panelists were Rami Ghandour from Metito, Tshepidi Moremong from Africa 50, Vuyo Hlompho Ntoi from African Infrastructure Investment Managers, and Yoshio Kushiya from Sumitomo Corporation.

However, Tshepidi Moremong said Africa 50’s robust pipeline in its priority sectors were ample proof that the continent had bankable projects.She said that the group’s experienced investment team worked closely with development finance institutions and commercial banks, to ensure that their bankable projects continued.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan vows billions at Africa investment conference | The Guardian Nigeria News - Nigeria and World NewsJapanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis aiming to counter China's growing continental influence.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

AfDB: Private sector investment in Africa’s infrastructure in 2020 stands at $19 billionThe African Development Bank (AfDB), said private sector investment in Africa’s infrastructure in 2020 was 19 billion dollars, the highest since 2016.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Japan vows billions at Africa investment conference | The Guardian Nigeria News - Nigeria and World NewsJapanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis aiming to counter China's growing continental influence.
Source: GuardianNigeria - 🏆 1. / 94 Read more »