Africa's trade blocs Comesa, SADC, EAC mull issuing joint bonds.

By bne IntelliNews October 5, 2011
Africa's trade blocs Common Market for Eastern and Southern Africa (Comesa), Southern African Development Community (SADC) and East Africa Community (EAC) mull issuing joint municipal and infrastructure bonds in order to raise funds to improve the infrastructure in the region, The EastAfrican reports. The economic bodies estimate that around USD 93bn will be needed to finalise key infrastructure projects on the Northern, Central, Lamu and Djibouti corridors. The bonds are to be floated in 2012, according to Comesa's Secretary General Sindiso Ngwenya.

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