African Development Fund approves $9 million grant to strengthen financial integration across East Africa
Cote Dlvoire, June 24 -- The Board of Directors of the African Development Fund (ADF) has approved a $9 million grant to deepen financial integration across East and the Horn of Africa.Funding for the East Africa and Horn of Africa Capital Markets and Payment Systems Integration Project will be sourced from the Fund's 16th replenishment cycle. ADF is the African Development Bank Group's concessional lending arm.The East African Community (EAC) Secretariat will implement the project, which aims to accelerate cross-border investments, improve the efficiency of financial markets and expand access to long-term financing across nine countries in the region: Burundi, the Democratic Republic of Congo, Ethiopia, Kenya, Rwanda, Somalia, South Sudan,...
To read the full article or to get the complete feed from this publication, please
Contact Us.