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Memorandum of Understanding: AfDB Signs US$ 400,000 Grant

28/09/2022
Categories: Sectors

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On Tuesday, September 27, 2022, the African Development Bank, in collaboration with the Caisse des Dépôts et Consignations of Côte d'Ivoire, signed a Memorandum of Understanding for a grant amounting to US$400,000.

With the intention of accelerating the operationalization of the interventions of the Caisse des dépôts et consignations in favor of Ivorian small and medium-sized enterprises, the African Development Bank together with the Caisse des dépôts et consignations has signed a grant agreement of US$ 400,000.velopment with the Caisse des dépôts et consignations de Côte d'Ivoire have decided to invest an amount of 400,000 US dollars. This is a grant from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank.

The project will help small and medium-sized enterprises in Côte d'Ivoire to revive the post-Covid-19 era and promote entrepreneurial initiatives, particularly for women and youth. It also aims to strengthen the capacity of the country's Caisse des dépôts et consignations.

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