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Economy

Within the framework of cooperation between the Arab Bank for Economic Development in Africa (BADEA) and sub-Saharan African countries, H.E. Mrs. Kanny Diallo, Minister of Planning and International Cooperation, paid an official visit, today Monday, 6th of March 2017, to the BADEA’s Headquarters in Khartoum and met with the Director General H.E. Dr. Sidi Ould TAH.

The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), will held its 1st Meeting for the year 2017, in N’Djamena, Republic of Chad, during the period 8 - 10 March 2017.

The meeting will be headed by H.E. Engineer Yousif Bin Ibrahim    AL BASSAM, Chairman of the Board of Directors, in presence of    H.E .Dr. Sidi Ould TAH, the Director General of BADEA.

In the framework of promoting cooperation between the Arab Bank for Economic Development in Africa (BADEA) and Regional and International Finance Institutions, the President of the African Development Bank Group, H.E. Dr. Akinwumi Adesina paid a visit to BADEA’s Headquarters in Khartoum, today Tuesday, February 28, 2017.

The Arab Bank for Economic Development in Africa (BADEA) and the Republic of Uganda signed, today, Sunday, February 19, 2017, at BADEA’s Headquarters in Khartoum a US $ 11.50 million, Loan Agreement to finance Upgrading of Luwero – Butalangu Road Project and a Guarantee Agreement for two Lines of Credit amounting to US $ 6 million and US $ 10 million in favour of Uganda Development Bank to contribute towards financing private sector projects and financing imports from Arab countries to African countries, respectively.

The Chairman–General Manager of the Sahel-Sahara Bank for Investment and Trade (BSIC), H.E. Mr. Ali Omar AlMoktar, paid an official visit to the Headquarters of the Arab Bank for Economic Development in Africa (BADEA), Wednesday, January 18, 2017, accompanied by a high delegation.

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