AfDB to raise Sh824 billion from capital markets in 2018

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African Development Bank Board has approved the bank’s 2018 borrowing plan for Sh824 billion to be raised from capital markets.

The bank provides financial assistance to its member countries by mobilising resources primarily from the capital markets.

“We have stepped up our profile in the international capital markets and will continue to raise funds across the globe,” said Acting Vice President Finance and Treasurer of the AfDB Group Hassatou N’Sele.