EIB, AfDB team up to boost African investment

The European Investment Bank (EIB) and African Development Bank (AfDB) have signed a joint partnership action plan that targets boosting private and public investment in African infrastructure.

The European Investment Bank (EIB) and African Development Bank (AfDB) have signed a joint partnership action plan that targets boosting private and public investment in African infrastructure.

Amongst other goals, the action plan is aiming to grow a pipeline of bankable projects in the climate, tech and health sectors, and looks to stimulate “transformative large-scale quality infrastructure investment”.

“It is crucial that more multinational development banks and other development finance institutions commit to closer and stronger collaboration, such as seen through this Joint Action Plan between the AfDB and the EIB, in order to more efficiently and effectively support our regional member countries during these troubling times,” said AfDB’s acting senior vice president Bajabulile Swazi Tshabalala.

The full plan can be found by clicking here.