BOAD gets €50M from Belarus’ Development Bank

Investments
Friday, 29 June 2018 14:11
BOAD gets €50M from Belarus’ Development Bank

(Togo First) - The West African Development Bank (BOAD) has secured a €50 million financing from Belarus’ Development Bank.

This was disclosed in a statement released subsequent to the 109th ordinary session of BOAD’s board, held last Wednesday.

During the meeting, the institution’s authorities also approved 11 transactions including 7 mid and long term loans valued at CFA90.8 billion, a refinancing line of CFA10 billion, a short-term loan of CFA5 billion and two stake acquisitions worth CFA6 billion.

Among the 11 transactions, there is a CFA10 billion loan granted to improve agricultural processing in Kara, in the Northern region.

Overall, the commitments total CFA111.8 billion bringing to CFA5,201 billion all BOAD’s commitments since it started operating.

BOAD regroups Benin, Burkina Faso, Côte d’Ivoire, Niger, Mali, Guinea Bissau, Senegal and Togo. It is headquartered in Lomé, Togo’s capital.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.