The European Bank for Reconstruction and Development (EBRD) announces its intention to deploy in sub-Saharan Africa, according to its president Suma Chakrabarti.
Also, he added, the bank announces its willingness to lend 2.5 to 3 billion euros more than its average of 9.5 billion euros in recent years, without the need for more capital.
The bank totals around € 7 billion of investments in the Middle East in North Africa since its beginnings in the area in 2012.
“The bank could possibly invest an extra 500 million euros a year in its 37 countries of existing operations,” he added, adding up to 10 billion euros a year. This would leave a lot of leeway to extend “gradually” to sub-Saharan African countries engaged in market democracy, “said Suma Chakrabarti.
On the continent, the European bank is present in Egypt, Morocco and Tunisia.
journaliste économique, titulaire d’un Master II en Communication et Journalisme de l’Institut Supérieur des Sciences de l’Information et de la Communication de Dakar (ISSIC). Grande amatrice de lecture et de musique. Féministe dans l’âme et passionnée de mode.
