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IFC to invest $5 million in Gulf African Bank

Tue, 2012-09-11 11:24 — newsdesk

International Finance Corporation (IFC) proposed an equity investment in Gulf African Bank (GAB) worth $5 million. The investment is expected to improve the bank's strength and provide additional capacity for growth. under IFC’s Global Trade Finance Program (GTFP), an additional $3 million trade line will be made available by IFC to the bank.

Source: 

http://www.cpifinancial.net/news/post/15589/ifc-to-invest-5-million-in-g...