Tag: European Investment Bank
The World Bank will grant $7 million to Zimbabwe to help it fight the new coronavirus outbreak that is expected to worsen an already struggling economy and food crisis, a bank spokesman said on Wednesday.
The African Trade Insurance Agency, Africa’s multilateral guarantee agency covering trade and investment flows across the continent, signed an MOU with European Investment Bank at the Africa Investment Forum. CNBC Africa’s Fifi Peters spoke to John Lentaigne from the Agency.
One of the institutions attending the Africa Investment Forum in Sandton this week is the European Investment Bank, which pumped millions of dollars into the continent at last year’s forum. CNBC Africa’s Fifi Peters is joined by the Vice President of the European Investment Bank, Ambroise Fayolle, to talk about the Bank’s plans for Africa going forward.
On the side-lines of the ongoing Africa CEO Forum, Bank of Kigali signed a RWF 30 billion deal with the European Investment Bank to support new business investment across Rwanda. The new financing will be matched by Bank of Kigali and unlock a total of RWF 60 billion of new private sector investment across Rwanda. CNBC Africa filed this report.
European Investment Bank vice-President, Ambroise Fayolle speaks to CNBC Africa on the side-lines of the inaugural Africa Investment Forum about the investment opportunities in Africa.
EIB to finance upgrade of Seychelles' main harbour
Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said. Zimbabwe was once one of Africa’s most promising...