BOAD’s investment in West Africa reached CFA5, 000 billion
Monday, 26 March 2018 18:22
The West African Development Bank (WADB)’s investment in West Africa reached CFA5, 000 billion ($9.66 billion), the institution indicated in a statement.
According to information relayed by Xinhua, this figure includes all the operations carried out by the bank for economies within West African Economic and Monetary Union (WAEMU), since it launched its activities. So, the latest CFA 195 million ($368.8 million), out of which CFA190 billion will be directed to local development projects in Côte d'Ivoire, Burkina Faso, Senegal and Benin and CFA5 billion to be used to buy shares in the CAURIS IV SMEs’ investment fund, is also included.
For the record, BOAD is a sub-regional institution created in 1973 and “focused on development of member economies towards balanced development and to prepare economies for future West African economic integration”.
Since 2015, the bank’s actions are in line with the strategic plan to boost economic integration and transformation in West Africa by 2019.
Moutiou Adjibi Nourou (intern)
Live News
-
IFC to provide $30.6M guarantee for Orange Bank digital lending in Côte d’Ivoire, Senegal
19:32
-
Cameroon receives new bid for Alucam assets from Proalu parent Naxya Holding
19:04
-
Nigeria Issues $360M Bond in ‘Decisive Reset’ of Power Sector Arrears
19:03
-
ASKY requires digital customs declaration for passengers bound for Cameroon
18:17
-
DR Congo, UAE sign port, mining deals, target $10B trade by 2030
18:16
-
Cameroon corporate equity drops 12.4% in 2024, hits 10-year low
17:37
-
International Demand Edges Up Passenger Traffic at Senegal’s Main Airport in 2025
17:14
-
Sunna Design set to secure CFA21.4bn solar lighting contract in Cameroon
16:27
-
DR Congo’s Fogec Launches Digital Platform for SME Financing
15:30
-
Algeria Waives IPO Fees for Startups Until 2028
15:17
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Nigeria issues 501bn naira bond to clear power sector arrears Institutional investors fully subscribed to inaugural PPSDRP offering Programme aims to...
DR Congo, UAE sign CEPA aiming to double trade to $10bn Deal opens UAE market to 6,000 Congolese products Agreements cover ports, mining...
Blaise Diagne airport passenger traffic rose 0.46% to 2.94m in 2025 Growth led by Europe/North Africa routes; transit passengers fell...
UNDP, Africell partner to boost UniPods connectivity in Sierra Leone, Gambia Africell to supply high-speed internet, 4G MiFi and IoT...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...