The African Development Bank adopted on Thursday (July 14) two funding decisions targeting small and medium-sized business financing in Tunisia and infrastructure development in East Africa.
The bank approved a $50 million loan to help increase access to financial services of SMEs in Tunisia. This AfDB loan complements a separate $50 million loan provided by the World Bank for the country’s SME sector.
AfDB also approved a $40 million loan in support of an infrastructure program in East Africa. The loan will help finance the rehabilitation and operation of the Rift Valley Railways, which links Kenya and Uganda.
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