AfDB raises $10.5 billion for low-cost lending window, no word on US funding

By Duncan Miriri NAIROBI, Dec 16 (Reuters) - The African Development Bank (AfDB) raised $10.5 billion for its fund that lends money to low-income countries on favourable terms, it ​said on Tuesday, surpassing the previous replenishment round's figure but falling short ‌of its initial target. Officials at AfDB had initially aimed to raise $25 billion for the African Development Fund (ADF), which ‌is replenished every three years, after raising $8.9 billion in 2022. The AfDB, Africa's biggest development ...