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Vol 56 No 12

Published 12th June 2015

Cash for power and transport

Struggling to raise money to finance power stations, roads and water projects, African governments are looking at how to use the tens of billions of government savings held outside the continent in safe but low-yielding assets such as United States Treasury bills. African central banks have reserves of well over US$500 billion. The AfDB estimates the continent's infrastructure needs $95 bn. a year but it is raising only around $45 bn. of that.

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