Financial and Banking News


BADEA Approves $23.35mn in Aid Loans to Six African Countries 

The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) on 27 December approved loans and grants worth $23.35mn to six African countries as follows: an $8.5mn loan to part-finance a rubber cultivation project in Congo; an $8mn loan for the Dassa-Parakan road in Benin; $6mn for the construction of grain silos in Zimbabwe; a $250,000 grant for studies on the...