Financial and Banking News


BADEA Lends $39mn to Five African Countries

The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) agreed on 28 December to extend $38.8mn in soft loans to five African states, as follows: Benin ($8mn for rural development); Central African Republic ($4mn for the Bangui international airport); Ghana ($9mn for two timber mills); Equatorial Guinea ($2.8mn for the development of cocoa production), and Zambia ($15mn for a road...