By Semafor Africa
Photos: YouTube Screenshots
African countries are set to receive $225 million in new development financing.
The loans, announced this month, come from an OPEC fund that invests in parts of Africa, Asia, Latin America, and the Caribbean. The largest share will go to Tanzania, with a $75 million loan designated for a railway project aimed at enhancing trade in eastern Africa, covering Burundi and DR Congo.
Other beneficiaries include Côte d’Ivoire, Rwanda, and Senegal. A separate $40 million package will be included in a $240 million trade finance facility to fund the import and export of agricultural commodities across multiple African countries.
