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AfDB and Italian Export Credit Agency Sign $6b Investment Deal for African Development

Dec 05, 2024•over 1 year ago

Contract Type

partnership

AbidjanInternational Trade and Development

Description

The African Development Bank (AfDB) and the Italian Export Credit Agency have signed a $6 billion investment deal to sustain the development of initiatives with Africa’s public and private sectors. The investment package will provide credit protection to foster investment in priority sectors such as education, agribusiness, healthcare, energy, water, and digital economy infrastructure.

Company Information

Company

African Development Bank

Location

Abidjan, Abidjan, Côte D'ivoire

About

The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively - in their efforts to achieve sustainable economic development and social progress. Combating poverty is at the heart of the continent’s efforts to attain sustainable economic growth. To this end, the Bank seeks to stimulate and mobilize internal and external resources to promote investments as well as provide its regional member countries with technical and financial assistance.

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