in Short
Intra-African Trade : €50 million agreement to support SMEs
At the Africa Investment Forum 2024 in Rabat, a strategic partnership worth €50 million was signed between the African Development Bank (AfDB) and Bank of Africa. This agreement aims to support small and medium-sized enterprises (SMEs) across Africa by facilitating their access to financing, particularly in key sectors such as agriculture, pharmaceuticals, and telecommunications. It also contributes to the African Union’s goal of promoting a more integrated and prosperous Africa.