EIB to provide $121 million to boost East Africa private sector

December 11, 2015 3:18 PM

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EIB to provide $121 million to boost East Africa private sector

NAIROBI The European Investment Bank (EIB) has signed three credit lines worth 110 million euros ($121.00 million) to support private sector investments across east Africa, the bank's vice president said on Friday.

The funds will support job creation and economic growth in Kenya, Tanzania, Uganda and Burundi by providing long-term local and foreign currency loans and support investment across a range of sectors, including agriculture.

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