The African Development Bank (AfDB) is stepping up plans to finance power and rail projects as China boosts lending on the continent by half.
The Tunis-based lender is set to endorse this week the Africa50 Fund, which is targeting $10 billion of equity from an initial capital of $3 billion, to finan
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more