The Board of Directors of the African Development Bank Group (AfDB) has approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project (ECCAP) to enhance climate change resilience, boost food security, and improve livelihoods for over 3.5 million people in North East Nigeria. A news report from African Press Organisation […]
The West African Development Bank (BOAD), the development finance institution of the Francophone and Lusophone member-countries of the West African Economic and Monetary Union (WAEMU), has announced the Arab Bank for Economic Development in Africa’s (BADEA’s) equity stake in the second phase of its capitalization. The capital increase was sequel to a favourable opinion issued […]
The African Export-Import Bank (Afreximbank) has partnered with the Islamic Trade Finance Corporation (ITFC), and the Arab Bank For Economic Development in Africa (BADEA), to launch a US$1.5-billion Collaborative COVID-19 Pandemic Response Facility (“COPREFA”) to support African economies with rapid financial assistance to reduce the impact of COVID-19. The facility will be accessed by eligible […]