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Africa Turns to Digital Bonds for Infrastructure
Africa harbors grand aspirations. In the continent’s long-term development blueprint, Agenda 2063, “world-class” infrastructure is one of the goals under Aspiration 2. Realizing the goal of linking the continent by rail, road, sea, and air, as well as energy and ICT, to specifically unleash regional and international trade is proving herculean. The reason is financing constraints. Annually, Africa wrestles with an infrastructure financing gap of more than $80 billion, according to the Africa Development Bank. [...]