AfDB issues $20m infrastructure bonds to Japan’s life insurance company

01 August 2015, Sweetcrude, Lagos – The African Development Bank, AfDB, sold $20 million in infrastructure bonds to the Fukoku Mutual Life Insurance Company, Fukoku Life. Fukoku Life was the sole investor in the transaction. Africa still has massive infrastructure needs. Bridging the infrastructure gap could increase GDP growth by an estimated 2 percentage points […] More »