Morocco: Banque Centrale Populaire and AfDB to inject $100M in Africa’s intra-regional trade
Friday, 28 October 2016 04:37
Moroccan banking group Banque Centrale Populaire and African Development Bank (AfDB) have committed to finance intra-regional trade in Africa.
The agreement signed during King Mohammed VI’s visit to Tanzania between representatives of the two parties is for a $100 million precautionary line divided equally between the two actors.
This week, AfDB announced about $378 million of financing commitments for African nations. $25 million was granted for a regional project which aims to improve safety and transport related to fishery at Lake Victoria. $1.58 million (950 million CFA francs) was given to Togo to support economic empowerment of women and $350 million disbursed for Abidjan’s health program.
Live News
-
Indorama Invests $525 Million in Egypt Phosphate Fertilizer Complex
11:53
-
Cameroon Signs Defence Agreements to Expand Local Production and Cut Imports
09:33
-
Niger Looks to Morocco to Tackle Skills Gap
09:20
-
Ethiopia’s Ethio Telecom, Mastercard Move to Expand Payments Partnership
09:10
-
Ukraine Targets Ghana With Flour Production Plan Amid Demand Surge
06:06
-
Schalk Nolte Takes On Global Financial Fraud with Entersekt
04:15
-
Ndaedzo Madume rethinks rental market with tenant deposit financing solution
04:13
-
Cameroon Backs Palm Oil Expansion With New 25,000-Ton Plant
04:10
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Indorama Corporation signed a deal to build a $525 million phosphate fertilizer complex in Egypt. The project will produce 600,000 tonnes...
Niger, Morocco sign agreements to boost education, vocational training Talks focus on human capital amid high dropout, capacity...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Ukraine explores wheat flour production project in Ghana following 2025 cooperation deal; Ghana’s wheat imports surge 56.7% to 1.09 million tonnes in...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...