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AfDB, West Africa’s BIDC sign nearly $1m grant deal

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African Development BankThe African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (BIDC) have signed a grant agreement amounting to $950,000.

The grant agreement which was signed today March 4, 2013 is to strengthen BIDC institutional capacities, the AfDB said.

According to the AfDB, “This grant…will finance a technical assistance programme allowing BIDC to implement its private sector operations strategy and processes, to reinforce its human capital and increase its resources mobilization.”

The grant was provided from the Fund for African Private Sector Assistance (FAPA), funded by the Government of Japan, the AfDB, the Austrian Development Bank and the Government of Austria.

By Ekow Quandzie

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