African Development Bank (AfDB) President Akinwumi Adesina has called for increased investment in regional corridors to boost intra-regional trade and economic integration. However, he noted that these opportunities can only be realized through the development of infrastructure, such as regional corridors. The AfDB has been a leading investor in regional corridors, financing over $13.5bn in projects over the past seven years. These projects have helped to reduce transport costs, connect landlocked countries to coastal countries, and improve regional trade and competitiveness. A systematic approach and platform to identify and syndicate around the development of strategic regional corridors.

Source: Daily News Egypt November 09, 2023 21:32 UTC