The African Development Bank and the European Bank for Reconstruction and Development have signed a memorandum of understanding to promote sustainable private sector development in Africa. The MoU will help catalyze new sources of financing to help bridge the $2.5 trillion annual financing gap for development in Africa. Adesina said the impact of COVID-19 on government resources is huge and there is a need to mobilize more private resources to help African countries build back stronger.
Source: Anadolu Agency
