Africa News

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EBRD Issues First Major Food-Sector Loan in West Africa

EBRD Issues First Major Food-Sector Loan in West Africa | EBRD

The European Bank for Reconstruction and Development (EBRD) issued its first-ever major food-sector loan in Sub-Saharan Africa today. The €70 million will support cashew, cocoa, and sesame farmers in Côte d’Ivoire and Nigeria to help them process crops locally instead of just exporting raw materials.

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