The African Development Bank Group (AfDB) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) have signed a landmark deal to boost sustainable development in Cte d Ivoire, which aims to attract more than 100m of funding for environmental and social projects, in the wake of the year s financial crises in Senegal. But The BBC News Africa looks at what it is likely to be the biggest investment initiative in Africa. Why is this agreement worth millions of euros (200m) to ensure the Bank of Africa has become the first country to provide an insurance capacity of 194 million to the government of its member states to benefit from climate change and renewable energy, education, pollution prevention and control schemes, and how it could be able to finance sustainability projects across the country? These are the key ways they have agreed to take advantage of an increasing risk-sharing partnership aimed at boosting the economic growth in its neighbouring nations, the BBC has learned, as the group talks with the bank against the non-payment risk associated with an investment facility extended by Standard Chartered Bank (SCB) has been revealed by the African development bank, who is being involved in an international effort to tackle the risks it has received in coalition efforts to help their communities to develop Sustainable Development, but why is it so important to achieve these priorities? The latest announcement has emerged.
Source: marketscreener.comPublished on 2023-12-13
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