AfDB BOARD NODS US$10M STAKE IN GREEN INFRASTRUCTURE PROJECT FUND
K10And Solomon Quaynor, vice president of the AfDB THE Board of Directors of Group with responsibility for the African Development the Private Sector, Infrastructure Bank (AfDB) Group has and Industrialisation, approved the proposal to said the programme would take an initial stake of up seek support from the private to US$10 million in the Alliance sector to develop transformative, for Green Infrastructure green, resilient projects Advertise in the most in Africa Project Development that would fill Africa’s infrastructure (AGIA-PD) fund. gap for the long circulated Newspaper The AGIA-PD fund would term run for 15 years and should “The AGIA-PD is a strategic reach its capitalisation target investment, co-managed by
threeKye2ars.5 K5 in the Bank, to transform concepts
Its blended capital structure into bankable green infrastructure combines donations projects quickly
First 10 words and first- and second-rank and at scale.wIotrdws ill invest in treasury stocks for a total of the development of green infrastructure 32cm x4 columns K2,500
US$400 million. projects to prod9u6c5e
Special EnvoCyotonttahcetA+fD2B60 yield and to President, Amadou Hott, said have an impact on development,” the ultimate objective of the Mr Quaynor said. programme was to accelerate The AGIA would be implemented the continent’s green through three pillars: transition, while drastically the project preparation seeking reducing the shortage of infrastructure. to raise US$100 million in donations upstream for targeted
“The AGIA’s vision is to activities. speed up the deployment of Secondly, project development, transformative green infrastructure using the AGIA-PD projects by creating mechanism, to raise US$400 a robust partnership between million in blended capital to the different actors and targeting transform green infrastructure the entire green infrastructure project concepts into project preparation, bankable opportunities.
emerginPg aLnd OestTab- frAameLwoErk development and funding Thirdly, investment and ecosystem, working with finance that involved esFtaOblishRing both to lished actors,” Mr PHLoOtt sTaiFdO. RSfaAcLiliEta4te0Xth4e0NmEobWilisation The AGIA-PD targeted investors of US$10 billion in funding
CHALALA PRICE K180,000 NEG including multilateral from treasury stocks, loans
CONTACT 0771610446 development banks, impact and risk mitigation instruments funds, governmental organisations, to provide large-scale sovereign funds, funding for green infrastructure regional and non-regional projects prepared and institutional investors, commercial developed under pillars one investors and philanthropists. and two.