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)
Over the past two decades, mobile money has grown into a cornerstone of African finance. Driven by i...
On August 31, 2025, the ruling coalition in Benin Republic—comprising the Union Progressiste pour le...
Nigeria eyes $671m data center market by 2030, seeks Chinese investors. Rising mobile da...
South Africa is advancing with plans to open its payments system to non-banks, with the first lice...
• Tanzania to host investor talks on expanding CNG infrastructure• Government aims to boost CNG use,...
• Report: 54% of North African farmers face salinity-related crop losses.• Egypt worst hit, with 35% of its farmland affected by salinity.• Farmers adapt...
• African Food Systems Forum 2025 ends in Dakar with 6,000+ attendees.• UK, AGRA, AU launch $6.7M food trade corridors partnership.• GCC, Gates...
TotalEnergies sees caping Venus filed in Namibia at 150,000 bpd, but increasing the exploitation for 20-30 years using gas reinjection. Namibia...
Kano State joins UNESCO-Korea BEAR III education project. Focus on technical skills, irrigation, and labor market needs. Aims to boost youth...
The Tomb of Askia is one of the most important historical and cultural monuments in Mali, inscribed on the UNESCO World Heritage List since 2004. Located...
The Mount Nimba Nature Reserve, a true cross-border treasure, stretches across Guinea and Côte d’Ivoire, at the edge of Liberia. It is dominated by an...