AfDB to raise Sh826bn through capital markets
12 days ago, 17:09
The African Development Bank (AfDB) plans to raise $8 billion (about Sh826 billion) in the new-year tapping the capital markets with a view to lending to member countries on the continent. The bank expects to access a wide array of capital markets having previously raised cash mostly in the form of US dollars, Euros, Australian dollars and sterling pounds. “The board of the African Development Bank has approved the regional multilateral 2018 borrowing programme for $8 billion to be raised from c ...
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