Banking & Finance

AfDB approves US$14.12mn facility to support Nigeria’s membership

44213263000 8f9c64e7d4 zThe African Development Bank (AfDB), through its trade finance operations, has approved a US$14.12mn facility to support the federal republic of Nigeria’s membership in the African Trade Insurance Agency (ATI)

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ADF approves US$149mn credit facility to support low-income countries

alternative alternative energy clean energy 421888The African Development Fund Board (ADF) has approved credit risk facility of US$149mn by the Private Sector Credit Enhancement Facility (PSF) in seven private sector operations targeting low-income countries

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EIB confirms support for US$567mn transformational investment across Africa

architecture berlin blur 1057858The European Investment Bank (EIB) has formally agreed on a total of US$567mn of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa

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AfDB unveils multi-sectoral nutrition action plan to reduce stunting

african children boy children 1686468The African Development Bank (AfDB) has unveiled a new multi-sectoral nutrition action plan to increase investments to reduce stunting by 40 per cent in African children aged under five by 2025

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MCC selects Benin as eligible to develop a concurrent regional compact

AdobeStock 170675494The Millennium Challenge Corporation (MCC) Board of Directors held its quarterly meeting on 11 December 2018 and approved Benin as eligible to develop a concurrent regional compact

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