G7 DFIs, partners to invest over $80bn in African businesses

Development finance institutions (DFIs) of the Group of Seven (G7) economies, together with several multilateral partners, have announced their commitment to investing $80-billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. Among those contributing are the International Finance Corporation, the private sector arm of the African Development Bank, the European Bank for Reconstruction and Development and the European Investment Bank (EIB).