The African Development Bank (AfDB) has approved 98 million euros ($114 million) in loans to help fund Ivory Coast national airline Air Cote d‘Ivoire’s purchase of five new Airbus A320s.
The AfDB financing includes a 51-million-euro sovereign loan, a 43-million-euro private sector loan, and an African Development Fund loan of 4 million euros.
The bank’s support also includes a 17-million-euro partial risk guarantee to ensure the participation of commercial banks, which will contribute 95 million euros.
