On Monday, March 25, 2024, the Italian financial institution for cooperation and development, Cassa Depositi e Prestiti, concluded a 200 million euros ($216.7 million) loan facility with the African Export-Import Bank (Afreximbank).

La banque de développement italienne renforce ses engagements en Afrique à travers sa collaboration avec AfreximBank . The funding of 200 million euros granted will support Afreximbank's initiatives in the African agricultural sector. The bank will provide direct support to businesses and indirectly, through local financial intermediaries, to agricultural production projects and the import of essential commodities such as cereals and agricultural products. cereals and fertilizers. According to Dario Scannapieco, managing director of Cassa Depositi e Prestiti style="font-family: "Bookman Old Style”, "serif"> (CDP), “food security and the resilience of food chains” agricultural supplies are key issues for the development of the African continent.” For the latter, thanks to the collaboration with Afreximbank, CDP will be in a position to guarantee resources to local SMEs operating in these sectors, while promoting the creation of opportunities for