Financial And Banking News
BADEA Tends $11.72bn to TWD African States
The Arab Bank for Economic Development in Africa (BADEA) has agreed to lend $11.72mn to Ghana and Kenya, according to an announcement on 18 September. Ghana will receive $4.9mn to part-finance a food processing project. The loan is repayable over 12 years, including a three-year grace period, and carries an annual interest rate of 7%. Kenya will receive $6.82mn to part-finance a highway project. The loan...