TOP 4 AFRICAS FDI NEWS FROM 01-20 JUNE 2020

Posted On : Jun 20, 2020/

Top four foreign investment news from 08thto 20thJune 2020: The leading financial agency African Development Bank has approved approximately $254 million loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The leading food company GBfoods has announced the completion of a $52 million Tomato processing factory, in Kebbi State, in Nigeria. The Tomato facility built in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri. It is a largest single tomatoes farm in Nigeria. The prominent financial agency of Africa’s the African Development Bank has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. Africa’s leading financial agency the African Development Bank approved, in Abidjan, a loan of approximately $200 million to Tunisia to finance the program to support the response to Covid-19 by the social inclusion and employment (PARISE).

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