Financial and Banking News

AID FLOWS

BADEA Lends $20.35mn to Four African Countries

The Arab Bank for Economic Development in Africa (BADEA) has agreed to extend aid worth $20.35mn to four African countries as follows: $6.1mn to Botswana for the rehabilitation of rural roads; $4mn to Cape Verde for the development of the local fishing industry; $10mn to Lesotho for the construction of rural roads; and $250,000 to Burkina Faso as a technical assistance grant aimed at improving animal...