Africa's biggest investors and lenders are making available another $15 billion to help the continent weather the global financial crisis. That report comes from the African Press Association. The $15 billion is meant to promote trade, strengthen Africa's financial sector, and increase lending for agricultural projects, infrastructure, and small- and medium-size businesses.
The increased financial support represents a coordinated effort from the African Development Bank, the French Development Agency, the European Investment Bank, the Development Bank of Southern Africa, German Financial Cooperation, the World Bank, and the International Islamic Trade Finance Corporation.
Tags: Africa, Banks, Economy, Education by Sistrunk