Intercontinental Investment Bank signs a EUR 10 million Line of Credit Agreement with BADEA to support the private sector in Cabo Verde

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.

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

The agreement was signed on behalf of Intercontinental Investment Bank by Mr. Sohail Sultan, Chairman of the IIB Group, and on behalf of BADEA by H.E. Abdullah ALMUSABEEH, President of BADEA.