Financial and Banking News
AID FLOWS
BADEA Lends $18mn to African States and Institutions
The Arab Bank for Economic Development in Africa (BADEA) has agreed to provide $18.415mn in aid to Sao-Tome and Principe, Botswana, the Seychelles and three African regional institutions. Sao-Tome and Principe will receive a $4mn loan to help build crude oil storage facilities, repayable over 12 years, including a grace period of two years, at an annual interest rate of 6%. Botswana will receive...
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