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AfDB Seeks to Plug Africa $170 Billion Infrastructure Needs

  • African Development Bank is launching investment forum
  • Inaugural November meeting will focus on transacations
Nairobi Slums Ahead Of Election
Photographer: Riccardo Gangale/Bloomberg
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The African Development Bank seeks investments from global pensions and commercial financiers to help fund the continent’s infrastructure gap of as much as $170 billion a year.

The Abidjan-based lender is launching its Africa Investment Forum in Johannesburg on Tuesday. The forum will host its first meeting in November in South Africa’s commercial hub and will have “no speeches,” but rather present bankable projects to investors, according to AfDB President Akinwumi Adesina.