Economy
European financing fund for Africa launched with first closing of $24.1m
Follow-ups -eshrag News:
Wed, 2022-06-01 17:06
RIYADH: A new European Solidarity Financing Fund for Africa, FEFISOL II, has been launched with a first closing of $24.1 million and a technical support envelope of $1.07 million, according to a statement from the European Investment Bank.
The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.
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