AfDB to give $2b for mega projects in East Africa

Wind turbines at the Turkana Wind Project in Kenya. PHOTO | NMG

The African Development Bank (AfDB) will fund infrastructure projects by Eastern African countries to the tune of $2 billion over the next four years.

The funding, unlocked by the recently approved East Africa Regional Integration Strategy Paper (RISP), could be scaled up to $3 billion in the same period, bank officials said.