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Support private sector companies in the UEMOA region: ADB and BOAD sign a credit line agreement of 70 million euros

12/12/2023
Source : ORISHAS FINANCE
Categories: Sectors

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C'était le vendredi 7 décembre dernier à Lomé que la Banque africaine de développement (BAD) a signé avec la Banque ouest-africaine de développement (BOAD

) a credit agreement of 70 million euros, or 45.92 billion CFA francs.

The credit line agreement is intended to support private sector companies in the West African Economic and Monetary Union (UEMOA) zone in all areas of activity with a focus on projects concerning the agricultural sector, the advancement of women and the improvement of the living conditions of populations. It brings the AfDB Group's funding for the style="font-family” to 214.9 billion CFA francs: “Bookman Old Style”, "Serif"">boad . According to Wilfrid Abiola, AfDB country manager, through this credit line, the institution wishes to provide new support to the mission of the style="font-family: "Bookman Old Style”, "Serif"">boad

which consists in supporting SMEs and SMIs in the sub-region, particularly in the sectors of agribusiness, renewable energies, health, information and communication technology, and telecommunications.
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