AfDB to Boost Private Sector Investments in 2011

The African Development Bank expects to invest up to USD2.2 billion in the private sector in 2011, according to a senior bank official.

“In 2011 we have many projects for the private sector in infrastructure, energy, transport, telecommunications and agriculture,” Tim Turner, director of the AfDB’s private sector department, said as quoted by Reuters.

The planned 2011 spending level is up from the USD2 billion the AfDB expects to invest in Africa’s private sector in 2010.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.