R76bn for infrastructure

THE African Development Bank could finance infrastructure projects worth up to R76billion over the next three years, with the energy sector key, a senior bank official said yesterday at a meeting of African finance ministers and central bank governors in Cape Town.

THE African Development Bank could finance infrastructure projects worth up to R76billion over the next three years, with the energy sector key, a senior bank official said yesterday at a meeting of African finance ministers and central bank governors in Cape Town.

The meeting also heard that Africa's real gross domestic product growth could reach about 7percent in 2011. - Reuters

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