ADF approves $37.2m in credit risk participations

Region:

Middle East & Africa

The African Development Fund (ADF), the concessional window of the African Development Bank, has approved credit risk participations by the Private Sector Credit Enhancement Facility for projects in Kenya, Sudan and Senegal.

The agreement covers operations valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion, and two lines of credit targeting SME borrowers.

The approval of these operations brings the PSF’s total portfolio to $733.25 million, comprising risk exposures in 47 operations amounting to roughly $2.6 billion of total NSO loans.

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