Deal inked to increase investment into infrastructure projects in Africa ...United Arab Emirates

A new agreement has been formalised between the European Commission and the African Development Bank. The deal will see increased investment flow into infrastructure projects in Africa. According to a report, the European Union has increased its co-financing of operations with the African Development Bank to US $1.1bn. The two parties said that figure would increase further following the signing of a new Financial Framework Partnership Agreement by European Commission President Ursula von der Leyen and African Development Bank Group President Dr Akinwumi Adesina. The partnership is expected to open up new opportunities for both organisations to deliver joint financing for infrastructure proj

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