December 22

African Development Bank Pays $24 Million to Increase Investment in West African Development Bank

The Board of Directors of the African Development Bank has approved a line of credit of €70 million and an equity investment of $24 million, to be granted to the West African Development Bank.

The line of credit will support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors such as agribusiness, renewable energy, health, and information and telecommunication, which were drastically affected by the Covid-19 pandemic.

Photo courtesy of WOCinTech Chat.

Source: Premium Times (link opens in a new window)

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