Financial and Banking News
AID FLOWS
BADEA Provides Loans to Seven African Countries
The Arab Bank for the Economic Development in Africa (BADEA) has agreed to extend a $10mn loan to Guinea to finance the purchase of equipment for a fisheries project, under an agreement signed on 21 October. The loan is repayable in 16 years, including a five-year grace period, and carries a 6% annual interest.
Meanwhile at a Board meeting in Khartoum last week, BADEA approved $23.41mn in aid for...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!