African leaders, investors, and development partners, including the African Development Bank Group, on the sidelines of the Summit for a New Global Financing Pact in Paris, gave assurances of their support for the Alliance for Green Infrastructure in Africa (AGIA) as it pushes toward a first close of $500 million for green infrastructure projects in Africa. The Alliance will mobilize $100 million in grants for project preparation, $400 million in blended financing through grants, concessional resources, and commercial investments for project development.
Source : Sun News
