BOAD’s investment in West Africa reached CFA5, 000 billion
Monday, 26 March 2018 18:22
The West African Development Bank (WADB)’s investment in West Africa reached CFA5, 000 billion ($9.66 billion), the institution indicated in a statement.
According to information relayed by Xinhua, this figure includes all the operations carried out by the bank for economies within West African Economic and Monetary Union (WAEMU), since it launched its activities. So, the latest CFA 195 million ($368.8 million), out of which CFA190 billion will be directed to local development projects in Côte d'Ivoire, Burkina Faso, Senegal and Benin and CFA5 billion to be used to buy shares in the CAURIS IV SMEs’ investment fund, is also included.
For the record, BOAD is a sub-regional institution created in 1973 and “focused on development of member economies towards balanced development and to prepare economies for future West African economic integration”.
Since 2015, the bank’s actions are in line with the strategic plan to boost economic integration and transformation in West Africa by 2019.
Moutiou Adjibi Nourou (intern)
Live News
-
Why Cameroon’s Electricity Sector Faces a Breaking Point | Op-Ed
06:48
-
Durban Port PPP with ICTSI takes effect, marking start of Pier 2 overhaul
16:44
-
Togo’s Zio 1 municipality sets CFA1.23bn budget for 2026, down 1.2% YoY
16:31
-
Benin delays restart of Sèmè field over technical setbacks
16:26
-
Weekly Health Update | Medical Exodus, Outbreaks, and Malnutrition Strain Africa
16:17
-
Zimbabwe Plans Third National Satellite to Expand Internet Access
20:30
-
Casino Exits BAO Cash & Carry Business In Cameroon
12:11
-
Cameroon Announces Special Road Rehabilitation Programme This Year
11:54
-
Mina Shawky Streamlines Access to Healthcare With Digital Platform CliniDo
10:57
-
Ali Mokrani Streamlines E-Commerce Operations With Ayor AI
10:13
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Partnership targets priority projects, startup support and skills training Deal aligns with...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
On November 19, 2025, the Cameroonian state completed what has been described as the renationalization of ENEO (Energy of Cameroon), agreeing to buy back...
Transnet–ICTSI partnership for Durban Pier 2 became effective on January 1, 2026 Private investment targets higher capacity and improved terminal...
Technical difficulties disrupt drilling operations offshore Benin Sèmè field restart, planned for late 2025, pushed back with no new date Target...
Several countries across Africa face mounting public health challenges, ranging from workforce shortages and ethical concerns in medical research to...
Each year around 2 January, the streets of Cape Town host the Cape Town Minstrel Carnival, also known as Kaapse Klopse. Rooted in the nineteenth century,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...