December 11

OPEC Fund’s 50 Million Loan Bolsters SMEs and Promotes Green Energy in West Africa

In a strategic move to bolster the development of small and medium-sized enterprises (SMEs) and advance green energy initiatives in West Africa, the OPEC Fund for International Development (OPEC Fund) has recently inked a significant €50 million loan agreement with the West African Development Bank (BOAD).

Under this agreement, sub-loans will be extended across member countries of the West African Monetary Union (WAMU) – including Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo – through various financial institutions.

Photo courtesy of World Bank Photo Collection.

Source: SolarQuarter (link opens in a new window)

Energy, Technology
climate change, MSMEs, renewable energy