Intercontinental Investment Bank (iib) has signed a EUR 10 million Line of Credit Agreement with the Arab Bank for Economic Development in Africa (BADEA) to support the growth of the private sector in the Republic of Cabo Verde.

The agreement aims to finance small and medium-sized enterprises operating in the sectors of trade, food industries, and fisheries, contributing to the country’s sustainable economic development.

It was signed on behalf of iib by Mr. Sohail Sultan, Chairman of the iibGroup, and on behalf of BADEA by H.E. Abdullah ALMUSABEEH, President of BADEA.