News
25 March 2020

UK and EU pay off Somalia's $122m arrears to AfDB

Region:
Middle East & Africa

Arrears on loans owed by Somalia to the African Development Bank Group have been cleared after the United Kingdom and European Union paid the $122.55 million.The move marks the end of sanctions and the resumption of full re-engagement between the bank group and the East African nation. The...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
14 July 2026

Uncertainty is the unwelcome gift, but pipeline grows for...

Speaking at TXF Global, Jebsen & Jessen CEO Ralf Schwarzhaupt highlighted a booming project pipeline despite Middle East headwinds, calling for fewer regulations, faster...

Perspective
15 July 2026

KBU: A lesson in long ECA tenors in Africa

Long tenors remain the scarce commodity in Sub-Saharan social infrastructure. But Mitrelli has reached financial close on a 19-year Atradius-backed loan for the Katyavala...