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Development in Africa: CDP signs five new memoranda of understanding

14/05/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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A press release from the Italian development bank Cassa Depositi e Prestiti (CDP) mentions that the institution has signed five new Memoranda of Understanding (MoUs) with the main multilateral development banks in Africa.

The CDP agreement aims to facilitate exchanges and collaboration between Italian and African companies in key sectors, including energy, manufacturing, manufacturing, mobility and agri-food. Signatories to the agreement include the Africa Finance Corporation (AFC) , la Banque Ouest Africaine de Développement (BOAD ) , la Banque de développement d' Afrique du Sud (DBSA) , the Trade and Development Bank Group of the &# 39; Eastern and Southern Africa (TDB Group) and the African Export-Import Bank (Afreximbank) according to the press release.

The parties will collaborate on exchange and co-financing opportunities, alongside the exploration of innovative financial tools that have a lasting impact in African countries.
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