The European Investment Bank agreed EUR 3.3 billion ($3.74 billion) of new financing in 2018 for private sector and infrastructure investment in 20 African countries. The close cooperation between the European Investment Bank, the EU Bank, and African partners enabled record activity last year with EUR 3.3 billon of EIB new investment that will benefit projects across the continent. This will ensure that Africa benefits from the European Investment Bank’s unique technical, environmental and financial expertise to achieve shared goals and tackle global challenges. Backing private sector investment to enhancing economic opportunitiesLast year the EIB provided more than EUR 1.14 billion for private sector investment in Africa. The European Investment Bank has agreed more than EUR 48 billion of investment across Africa since 1965.

Source: News Business Ethiopia February 11, 2019 15:11 UTC