Mali, Burkina Faso, Niger launch $895m regional investment Bank. Mali, Burkina Faso, and Niger established a regional investment bank with 500 billion CFA francs in capital. The bank aims to fund infrastructure, energy, and agricultural projects using resources from these nations. Finance ministers highlight the initiative as crucial for economic development and strategic financing. Approximately 5% of tax revenues from each country will support the bank, reducing dependency on foreign donors. Source Business Insider Africa. africa.businessinsider.com/local/markets/mali-burk…
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Mali, Burkina Faso, Niger launch $895m regional investment Bank. Mali, Burkina Faso, and Niger established a regional investment bank with 500 billion CFA francs in capital.
The bank aims to fund infrastructure, energy, and agricultural projects using resources from these nations.
Finance ministers highlight the initiative as crucial for economic development and strategic financing.
Approximately 5% of tax revenues from each country will support the bank, reducing dependency on foreign donors. Source Business Insider Africa. africa.businessinsider.com/local/markets/mali-burk…
2 days ago (edited) | [YT] | 48