Steve Johnson

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African Development Bank Seeks $25 Billion to Sustain Low-Cost Lending as U.S. Engagement Softens

The African Development Bank is seeking to raise up to $25 billion in fresh capital to maintain its ability to offer low-cost financing to...

Kenya Cabinet Approves Creation of Infrastructure and Sovereign Wealth Funds

Kenya’s cabinet has approved the establishment of two state-backed investment vehicles, an infrastructure fund and a sovereign wealth fund aimed at boosting long-term financing...

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