EIB opens up its coffers to help the continent cope with Covid-19
Immediately falling into line with its counterparts, the development institution has set up credit lines for the African private sector, with amounts reaching hundreds of millions of dollars.
21/04/2020 at 17h42, by Africa Business+
For the time being, the experts at the European Investment Bank (EIB) have released €350m for the continent. Following the example of several development institutions, the Luxembourg-based organisation is opening up its coffers and getting ready to inject massive amounts of funds to support private sector companies in Africa.
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