AfDB Committed $670M To Power Africa Initiative In 2013

Law360, New York (February 14, 2014, 3:26 PM EST) -- The African Development Bank said Friday that it approved approximately $670 million in 2013 in investments, loans and other project finance mechanisms for Power Africa, the U.S.-backed initiative aimed at bolstering economic development and access to power for Sub-Saharan Africa.

In a statement reiterating its years-long commitment as an anchor partner of the Power Africa initiative, the AfDB said it made a number of contributions to focus countries in the form of investments, support for policy reforms, advisory services and guarantees in 2013.

Of its notable...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.