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Hydroelectric power station in Africa. Shutterstock/Eunika Sopotnicka www shutterstock com.jpg

OFID signs commitment agreement for infrastructure fund for sub-Saharan Africa

OFID has signed a commitment agreement of US$15m to the Pembani Remgro Infrastructure Fund (PRIF). The fund will invest in the full spectrum of infrastructure projects in Sub-Saharan Africa, covering sub-sectors such as transport, energy, telecoms, water and sanitation.  

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OFID extends trade finance loan to Paraguayan commercial bank

OFID has signed an US$25m trade finance term loan with Banco Regional S.A.E.C.A.(Banco Regional), Paraguay. The funds will be made available for the financing of imports and exports of a wide variety of products, mostly in the agricultural area.

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