Tag: AfDB

AfDB Approves $40 million Corporate Loan for Afe Babalola University (ABUAD)

abuad-the-nigerian-diplomat

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year US $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan.

$310 million AfDB Trade Finance Support to Ecobank

AfDB trade finance

The African Development Bank (AfDB) has approved a $310 million trade finance loan for Ecobank Transnational incorporated, parent company of the Ecobank Group to provide critical trade finance funding to support economies in which Ecobank is present, primarily through support to SMEs and local companies involved in import-export activity