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African Development Bank approves $50 million and EUR 50 million Trade Finance Transaction Line of Credit for ECOWAS Bank

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LIBREVILLE, February 1 (Infosplusgabon) -  The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and EUR 50 million. An additional co-financing of $30 million for the credit line will come through the Africa Growing Together Fund (AGTF) from the People’s Bank of China (PBOC).

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African Development Bank approves $50 million and EUR 50 million Trade Finance Transaction Line of Credit for ECOWAS Bank for Investment and Development (EBID) to enhance food security and boost agricultural value chains in the region

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LIBREVILLE,  February 1 (Infosplusgabon) - The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and EUR 50 million. An additional co-financing of $30 million for the credit line will come through the Africa Growing Together Fund (AGTF) from the People’s Bank of China (PBOC).

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Ecobank wins Best Place to Work in Africa 2022 Award

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Togo-Economy/Banking-Ecobank wins Africa 2022 Award

LIBREVILLE, January 30 (Infosplusgabon) - According to a press release received today, Ecobank Group , the leading pan-African bank, has won the highly coveted Best Place to Work in Africa 2022 Award from the Best Place to Work organisation. The Award honours organisations that exhibit the highest standards of excellence in Human Resources (HR) practices and employees’ experience. Ecobank is the first Pan-African bank to have been awarded the certification.

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Ethiopia: New footagefrom Tigray shows widespread destruction of health facilities

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Ethiopia/Health after  years of conflict In the Tigray region

LIBREVILLE, January 30 (Infosplusgabon) -  According to the ICRC,  urgent humanitarian needs remain in northern Ethiopia following two years of conflict that damaged healthcare infrastructure and disrupted public health services in most areas. In the Tigray region, providing much-needed medical care remains very challenging as many health facilities were damaged or destroyed during the conflict.

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COP27: the African Development Bank and the OECD Development Centre join efforts to implement the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) in Africa

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LIBREVILLE, November 23 (Infosplusgabon) - Following the official launch of the Equitable Framework and Finance for Extractive-based Countries in Transition (EFFECT) on 15 November at COP27 in Sharm El-Sheikh, Egypt, the African Development Bank (AfDB) and the OECD Development Centre are pleased to announce that they will join efforts to implement EFFECT in Africa.

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