DEVELOPMENT BANK OF AUSTRIA AND EIB LAUNCH €100M AFRICAN PRIVATE SECTOR

COVID19 RESILIENCE INVESTMENT INITIATIVE

Responsible Author: Jedi Foster & RR | Paris, Washington DC, 06/06/2021, 15:38 Time

USPA NEWS - Bank of Austria (OeEB) and European Investment Bank launch EUR 100 million African private sector COVID-19 resilience investment initiative. First OeEB-EIB cooperation to accelerate business investment, increase economic resilience to COVID-19 across Africa and create thousands of jobs; Scheme to strengthen access to long-term financing and provide EUR and USD loans; Initiative to provide both direct loans to companies in Africa and through local financial partners.
Entrepreneurs and businesses most impacted by economic, health and social challenges triggered by COVID-19 will be able to benefit from a new EUR 100 million private sector financing initiative backed by (OeEB), the Development Bank of Austria, and the European Investment Bank. Source: EIB Luxembourg

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AFRICAN YOUTH IS BEST ASSET INVEST IN THEM AFRICAN DEVELOPMENT BANK

PDT ADESINA AKINWUMI SAID

Responsible Author: Jedi Foster & Rahma Sophia Rachdi | Paris, Washington DC, 05/27/2021, 15:58 Time

USPA NEWS - Africa’s underinvested youth are in need of urgent attention  and youth entrepreneurship investment banks must become the focus of global support, the African Development Bank (www.AfDB.org) head Dr. Akinwumi A. Adesina said Monday in a discussion on scaling up financing for the continent’s youth. President Adesina was speaking at a virtual roundtable at which he presented a novel concept for youth entrepreneurship investment banks

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