EADB obtains $40m from OPEC fund to drive SME growth, infrastructure in East Africa

The acting director general of the East African Development Bank (EADB), Mr Benard Mono (left), and the president of the OPEC Fund for International Development, Dr Abdulhamid Alkhalifa (right), sign a $40 million (approximately Sh105.7 billion) loan agreement at the OPEC Fund headquarters in Vienna, Austria. The funding aims to support SMEs and infrastructure development across East Africa. PHOTO | COURTESY

By  The Citizen Reporter

Media/news company

Mwananchi Communications Limited

What you need to know:

  • The loan will directly support lending to SMEs and finance transformative infrastructure initiatives across EADB member states

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