The G7 Development Finance Institutions, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank, on Monday, announced that they were committed to investing $80bn in the private sector over the next five years to support sustainable economic recovery and growth in Africa.
They said this in a statement, titled ‘G7 Development Finance Institutions and multilateral partners to invest over $80bn into African businesses over the next five years’. The COVID-19 pandemic had caused a severe global economic and health crisis, the statement said…
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