African Development Bank Group and Equatorial Guinea Sign Financing Agreement
The African Development Bank Group and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on 30 October 2025 in Bata.
The agreement is for the implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1), focusing on youth inclusion and employment.
The signing ceremony was attended by Léandre Bassolé, Director of the African Development Bank for Central Africa, and Pedro Abeso Obiang Eyang, Deputy Minister for Finance and Budget and Alternate Governor of the Bank for Equatorial Guinea.
This investment marks the Bank's first in the country's human development sectors in 10 years.
No specific quotes were provided in the article.
Author's summary: African Development Bank signs €58m deal with Equatorial Guinea.
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