Industrial Development Fund's phantom industrial zones loan

Shortly before its dissolution on 30 March, the fund responsible for financing public infrastructure in Ivory Coast arranged a loan of 326bn FCFA (€497m) for four industrial zones in Abidjan, in association with the country's budget. However, the operation was cancelled at the last minute by the budget minister, and all traces of the deal have since disappeared. Africa Intelligence has pieced together the events. [...] (327 words)
Issue dated 31/03/2022 Reading time 2 minutes
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