Tuesday
November 12
2024

Sweden Grants $4.8 Million to African Development Bank to Boost Capital Markets Integration Across Africa

By Aayushya Ranjan

The Government of Sweden will extend a grant of 50 million SEK (roughly $4.8 million) to the African Development Bank’s Capital Markets Development Trust Fund (CMDTF). The contribution, allocated through the Swedish International Development Cooperation (SIDA), reaffirms the country’s commitment to fostering sustainable development and regional integration of capital markets across Africa.

Photo courtesy of Edward Howell.

Source: TechAfrica News (link opens in a new window)

Categories
Investing
Tags
development finance, infrastructure, partnerships, scale