Africa Links 24 with Addis Standard2
Published on 2024-10-30 07:15:16
Addis Abeba – The Board of Directors of the International Finance Corporation (IFC) is set to vote on a financing package of up to $20 million in secured loans for Abyssinia Group of Industries (AGI), a leading steel manufacturer in Ethiopia and East Africa.
According to the IFC, which is a member of the World Bank Group, the vote is scheduled for 30 November, 2024.
The loan aims to support AGI’s ambitious expansion and sustainability initiatives, including capacity growth, backward…
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