The 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)
Banking & Finance
ADF approves US$149mn credit facility to support low-income countries
The 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
EIB confirms support for US$567mn transformational investment across Africa
The 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
AfDB unveils multi-sectoral nutrition action plan to reduce stunting
The 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
MCC selects Benin as eligible to develop a concurrent regional compact
The 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