OPEC Fund approves $20m for small and medium size enterprises in East Africa

UGANDA – The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favour of East African Development Bank (EADB) to support small- and medium-size enterprises (SMEs) and infrastructure projects in East Africa. EADB is an important regional development institution for delivering key development objectives across the East Africa region and enjoys a high level of commitment from member states Kenya, Uganda, Tanzania and Rwanda as well a diverse shareholder base that includes multilateral and bilateral development institutions and international financial institutions. SMEs account for…

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