ZCZC
BCN-08
AFRICA-ECONOMY-INVESTMENT
Development bank earmarks $4.4 bln for central Africa
ABIDJAN, April 17, 2019 (BSS/AFP) – The African Development Bank (AfDB)
promised Tuesday to invest $4.4 billion (3.89 billion euros) in
infrastructure in central Africa over the next seven years.
The sum will help to finance 30 projects, ranging from electricity
networks and transport to information technology and communication and
improve cross-border trade, it said in a statement.
Spending will be focussed on Cameroon, Chad, Republic of Congo, Democratic
Republic of Congo, Gabon, Equatorial Guinea, and the Central African
Republic.
Growth in central Africa doubled in 2018, with GDP expanding by 2.2
percent against 1.1 percent a year earlier, according to AfDB figures.
The rate is still far behind the average for sub-Saharan Africa, which was
3.5 percent.
BSS/AFP/HR/0905