AfDB secures USD 45mn loan for infrastructure projects in sub-Saharan Africa.

By bne IntelliNews October 3, 2011
The African Development Bank (AfDB) will secure USD 45mn senior loan to the Emerging Africa Infrastructure Fund (EAIF), Ghana business news agency informs. The funding will be used to support private sector infrastructure projects as well as infrastructure-related companies in sub-Saharan Africa. The loan is part of a joint financing package for USD 105 million from the AfDB and the International Finance Corporation (IFC) to EAIF aimed to facilitate the Funds operations in 2012 in areas such as power, water and waste treatment and manufacturing. This is the second loan that AfDB provides to EAIF after in 2009, the bank approved a USD 31.25mn senior loan and a USD 12.5mn standby loan facility.

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