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Abu Dhabi Development Fund finances projects in 42 African countries
The Abu Dhabi Fund for Development (ADFD) was instrumental in 2023 in a $4.5 billion effort led by the United Arab Emirates (UAE) to strengthen Africa’s sustainable energy infrastructure. This is reported by
Emirates News Agency (WAM)partner of TV BRICS.
The Africa50 Fund, a pan-African investment platform created by African governments and the African Development Bank, collaborated on this initiative, which has public and private sector support, to help bridge the infrastructure financing gap in Africa, promoting the development of projects. .
The source states that over the previous ten years, the ADFD has significantly helped in the development of infrastructure, economic diversification and the realization of African economies.
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