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Africa Development Bank picks Nairobi as regional resource hub

Published on June 30, 2015

A regional bank has settled for Nairobi as its first Public-Private Partnership resource hub in Africa.

The Africa Development Bank Regional Director for Eastern Africa, Mr Gabriel Negatu Monday said Kenya’s capital city would effectively be the region’s PPP resource hub as it seeks to ensure efficient financing for the continent’s infrastructure projects.

“We strongly believe that the private sector has a big role to play in bridging Africa’s annual infrastructure deficits of $93 billion. AfDB will, through the PPP resource hubs, support governments with technical support to ensure mitigation and management of legal, financial and technical risks,” said Mr Negatu. Read more. Source | Daily Nation