Financial and Banking News
AID FLOWS
BADEA Lends $10mn to Uganda and Niger
The Arab Bank for Economic Development in Africa (BADEA) has agreed to lend $10mn to Uganda and Niger, according to two agreements signed on 10 March. A $6mn line of credit will be extended to Uganda to encourage small-scale agro- industrial projects. The loan is to be repaid over 14 years, including three years of grace, at an annual interest rate of 7%. Niger will receive $4mn to set up a pilot program for...
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