AFDB APPROVES OVER $69M FOR INFRASTRUCTURE SECTOR INVESTMENTS IN GHANA, MALAWI AND MOZAMBIQUE
The Africa Development Bank (AfDB) has approved $69.6 million risk participation in infrastructure sector investments in Ghana, Malawi and Mozambique.
The Board of Directors of the African Development Fund (ADF) approved two transport sector investment risk participations amounting to $69.6 million under its Private Sector Credit Enhancement Facility (PSF).
These two transactions are risk participations in Private Sector projects of the Bank Group and cover investment projects in Ghana, Malawi and Mozambique, the Bank said.
It notes further that 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 participations, the cumulative amount of exposures approved since commencing operations has reached $420 million (62 per cent of total programme amount).
These new transactions bring 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.