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Egypt doubles Africa50 commitment to $200mln

Following its announcement in June that it was committing $100 million tAfrica50, the African Development Bank sponsored infrastructure fund, senior banking sources tell Amwal Al Ghad that the country has agreed to double its commitment. To date, some 20 countries and a handful of development finance institutions have committed almost $1 billion to the fund, which, according to a recent piece in Jeune Afrique already has a pipeline of projects and expects to make its first investments by the year end. 

Read more at Zawya….

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