JOHANNESBURG, South Africa, November 8, 2018/APO Group/ —
Lusophone countries have identified a pipeline of more than US$5 billion in private sector and private-public partnership (PPP) projects to accelerate growth in their economies.
The projects form part of a development finance compact between the Bank, the government of Portugal, and the six Portuguese-speaking countries of Africa – Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, and Sao Tomé and Principe, also known as PALOPs. The compact, signed at the African Investment Forum in Johannesburg on Tuesday, stems from efforts by the African Development Bank to bring more focus on the private sector in the PALOPs.
Akinwumi Adesina, President of the African Development Bank (www.AfDB.org), started the process nearly a year ago during an official visit to Portugal.
“Today is a day of delight, when we shine the light on a part of Africa that doesn’t always get the attention it deserves,”…
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