Ecobank and the West African Development Bank signed agreements with Proparco to support African businesses and agriculture. The partnership could channel up to 500 million euros into the private sector. Agriculture and small businesses are among the key target areas. The agreements were announced from Lomé, where both institutions are based. Financial experts believe the move could boost economic activity across West Africa.
The initiative is also expected to support job creation and entrepreneurship. Development partners say access to financing remains critical for African businesses. The institutions involved described the agreements as a major step toward regional economic growth.
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