West Africa - African Development Bank, Ecowas Bank for Investment and Development Sign Loan Agreement for $50 Million and €50 Million to Enhance Regional Food Security

📆 2023-10-07 00:11:00
📰 allafrica

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itemprop=description content=Press Release - EBID President George Donkor (left) and AfDB Vice president Solomon Quaynor signed an agreement in Abidjan to support agricultural businesses in West Africa

EBID President George Donkor and AfDB Vice president Solomon Quaynor signed an agreement in Abidjan to support agricultural businesses in West Africa

Dr. Donkor said,"This credit facility illustrates EBID's continued efforts to mobilise adequate resources to honour its commitment to the region's transformation agenda through supporting and investing in key sectors, in this case, the agribusiness industry." This aligns with EBID's strategic aim to support local businesses, particularly small and medium-sized enterprises , local business cooperatives, and farmers in West Africa. The credit lines are expected to strengthen food security, economic growth, and employment generation.

Remarks By Secretary-General Vincent Nmehielle, Signing Ceremony of the Memorandum of Understanding On the 2024 Annual Meetings, Nairobi

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