The African Development Bank could finance infrastructure projects worth up to $10-billion over the next three years, a bank official said yesterday.
"We could finance within the next three years at $7-billion to $10-billion," said Bobby Pittman, AfDB vice-president of infrastructure and regional integration, on the sidelines of the AfDB's "committee of 10" meeting in Cape Town.
The committee consists of African finance ministers and central bank governors.
Africa's real GDP growth could reach about 7% in 2011 from a forecast of about 5.5% growth for 2010, AfDB president Donald Kaberuka said.
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