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Power projects top bank agenda

China Daily | Updated: 2010-05-26 07:54

Power projects top bank agenda

ABIDJAN, Cote d'Ivoire - When the African Development Bank triples its capital base to $100 billion next week, the top priority will be tackling Africa's dire power shortages, the bank's president said on Sunday.

Infrastructure will make up about 60 percent of the bank's projects and 60 percent of those will be for power, AFDB President Donald Kaberuka said.

"If you take the whole continent, the energy we have is less than Spain," he said. "There's no way this continent can grow, living on energy less than Spain."

Power projects top bank agenda

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