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
-
East Africa drove 71% of global off-grid solar kit sales in 2024 (GOGLA)
10:52
-
Tenu Awoonor Bets on One Unified Platform to Simplify Payments for SMEs
10:46
-
Philip Bargin Champions Digital Skills and Tech Empowerment in Liberia
10:36
-
MTN Cameroon Taps French Camusat for Sustainable Network Expansion
10:31
-
AAE-2 submarine cable to connect Asia, Africa, and Europe
10:30
-
Talkio Mobile partners with Interswitch to expand in Uganda
10:13
-
Digital Payments : U.S. Startup Wave Enters Cameroon through CBC Bank
10:08
-
Côte d’Ivoire urges private sector to invest in rubber value addition
10:04
-
Togo Secured over CFA300B from BOAD over 2021-2025 Period
17:03
-
Togo: FAO Supports 1,000 Smallholder Farmers in the Kara Region
16:30
• WAEMU’s inflation dropped from 2.2% in March to 1.5% in April 2025• BCEAO attributes the decline t...
This launch is a significant milestone that highlights Rwanda's ongoing digital transformation. With...
• FirstRand receives approval to take over HSBC's South African assets, clients, and staff• Move sup...
BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025 Inflation eased to 2.3% in...
Egypt signs deals to import up to 290 LNG cargoes over 30 months, starting in July Trafigura,...
East Africa accounted for 71% of global off-grid solar kit sales in 2024 West and Central Africa saw steep declines due to inflation and currency...
Telecom Egypt and partners sign deal for new intercontinental cable AAE-2 to enhance data flow, infrastructure resilience, and digital...
Talkio Mobile teams up with Interswitch to boost nationwide service adoption Access to over 20,000 Quickteller agents extends commercial...
No new permits will be issued for first-stage rubber processing due to oversupply Authorities push for private capital in tire, molded rubber, and...
Kakum National Park is a protected area located in Ghana’s Central Region, near the city of Cape Coast. Established as a forest reserve in 1931 and...
Located in the Seychelles archipelago, over 1,100 kilometers southwest of Mahé, Aldabra is one of the largest coral atolls in the world. It is composed of...