Cote d'Ivoire: AfDB approves US$69.6m for infrastructure in Ghana, Malawi, Mozambique

Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank Group (AfDB), on Wednesday announced approval of two transport sector investment risk participation in projects amounting to US $69.6 million under its Private Sector Credit Enhancement Facility (PSF).

The two transactions are for risk participation in private sector projects of the Bank Group and cover investment projects in Ghana, Malawi and Mozambique, according to a statement issued by the AfDB.

It said 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 participation projects, the cumulative amount of exposures approved since commencing operations has reached US $420 million (62% of total programme amount).

The latest transactions have brought 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.
-0- PANA AR 1Feb2017

01 february 2017 19:51:13

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