Financial and Banking News


BADEA Extends $14.93mn to Four African Projects

The Arab Bank for Economic Development in Africa (BADEA) has agreed on 17 April to provide $14.93mn in loans and grants to four African states and organizations: $9.21mn loan for the construction of a slaughterhouse in Zimbabwe; $5.4mn loan for an energy project in Madagascar; $125,000 grant for a feasibility study on the rehabilitation of industrial fisheries in Senegal, and a $200,000 grant to the...