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BOAD capital increase: BADEA signs two financing agreements with two African countries

01/06/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Du 22 au 26 mai 2023 a eu lieu une signature d' accord de financement entre la Banque arabe pour le développement économique en Afrique ( BADEA) with two countries. It was on the sidelines of the annual meetings of the African Development Bank (AfDB) held in Sharm el-Sheikh, Egypt

.

Le Burkina Faso and Uganda are two countries with which BADEA has signed two financing agreements worth 70 million dollars. The framework agreement was signed by Sidi Ould Tah, CEO of BADEA with the aim of supporting the capital increase of the West African Development Bank (BOAD) through their respective sovereign shareholders, thus taking advantage of BADEA's selective footprint in Africa, a strategy commensurate with the bank's emphasis on innovative social impact and capital optimization

.

En effet, le premier accord de financement souverain de 50 millions de dollars a été signé avec le Burkina Faso to finance the country's capital injection into BOAD and the second $20 million agreement was signed with the Republic of Uganda to finance the construction and equipment of the Uganda Heart Institute (UHI

).
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