<\/p>\n
The African Development Bank (AfDB) has secured $32.8bn in investment commitments for projects in Africa, the bank’s president said at the closing of a meeting with investors on Thursday, 17 March.<\/p>\n
Akinwumi Ayodeji Adesina, president of the African Development Bank Group, attends a meeting of the 2020 African Economic Outlook report in Abidjan, Ivory Coast, 30 January 2020. Reuters\/Luc Gnago<\/p>\n<\/div>\n
The largest deal secured at the three-day Africa Investment Forum was $15.6bn for the Lagos-Abidjan mega highway, connecting West Africa’s two major cities in Nigeria and Ivory Coast, said AfDB President Akinwumi Adesina.<\/p>\n
The highway of about 1,200km will have four to six lanes and should be completed in about six years, he said.<\/p>\n
“Africa is a very bankable continent. We’ve gone through hard times because of the Covid-19 situation but here we are on a rebound,” said Adesina. “Africa is back for investments.”<\/p>\n
The projects, part of the bank’s Covid-19 response, touch on sectors including agriculture and agro-processing, education, energy and climate, healthcare, minerals and mining, and information and communications technology.<\/p>\n
<\/p>\n
Adesina said that on the health side, projects include a new medical city in Accra, a fund for health services for low-income populations in South Africa, and two platforms for manufacturing pharmaceutical products: one in West Africa and one in Kenya.<\/p>\n
The forum was meant to be held late last year but was postponed due to a surge of Omicron coronavirus variant infections.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The African Development Bank (AfDB) has secured $32.8bn in investment commitments for projects in Africa, the bank’s president said at the closing of a meeting with investors on Thursday, 17 March. Akinwumi Ayodeji Adesina, president of the African Development Bank Group, attends a meeting of the 2020 African Economic Outlook report in Abidjan, Ivory Coast, …<\/p>\n","protected":false},"author":1,"featured_media":3428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[75,76],"class_list":["post-3427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure-utilities","tag-infrastructure","tag-utilities"],"acf":[],"_links":{"self":[{"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/posts\/3427"}],"collection":[{"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/comments?post=3427"}],"version-history":[{"count":1,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/posts\/3427\/revisions"}],"predecessor-version":[{"id":3429,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/posts\/3427\/revisions\/3429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/media\/3428"}],"wp:attachment":[{"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/media?parent=3427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/categories?post=3427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firstprime.org\/construction\/wp-json\/wp\/v2\/tags?post=3427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}