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La BAD. Crédits photo : DR

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Stimulating Africa’s bond markets: African Development Bank approves US $10-million equity investment in Financial Sector Deepening Fund

Abidjan, Côte d’Ivoire – To strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank has approved a US $10-million investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager.

Crédits photo : DR

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African Development Bank supports agricultural value chain development to improve household incomes and food security in the Sudan

Abidjan, Côte d’Ivoire – To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.   Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development