The European Union will provide 118 million euros (USD162.16 million) worth of financing agreements with some African trading blocs and regional development organizations, Business Week reports. Africa’s largest trading bloc, the Common Market for Eastern and Southern Africa, will get 67.1 million euros. The funds will also benefit the Indian Ocean Commission, the East African Community and the Intergovernmental Authority on Development, a seven-country regional development organization based in Djibouti.
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