08 Jan 2025
BDEAC to Grant $197 million to Congo
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The Development Bank of Central African States (BDEAC) has approved financing totaling $197 million for the agro-industry, tourism and finance sectors in the Republic of Congo.
The decision was taken during the BDEAC's final board meeting of the year in December 2024. Additionally, the board adopted BDEAC's budget for the 2025 fiscal year.
The board also discussed a negotiable debt securities issuance program $315 million as part of the 2025-2027 Azobé Strategic Plan, an initiative aiming at strengthening the bank's financial capacity to support regional development projects.