European Investment Bank’s new €4 billion financing will also support startups in Africa in 2020

Techloy
Techloy
Feb 26 · 1 min read

The European Investment Bank (EIB) provided €3 billion in new financing to support investments in the private sector, across Africa, where it has provided more than €45 billion over more than 57 years.

Looking ahead, the EIB expects to significantly increase engagement in both sub-Saharan and North Africa and to provide €4 billion to support public and private investment across the continent in 2020.

According to a statement from the Bank, it will include increased support for infrastructure that drives private sector growth, enabling job creation by entrepreneurs, start-up companies and corporates, and new financing for climate related investment and sustainable development.

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data…

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Covering news and insights into technology and business in Africa. Get in touch: hello@techloy.com

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

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