Browsing: Development loan

The Kumasi Market makeover after completion of phase one. Deutsche Bank has organised financing for phase two of the market. www.theexchange.africa

West Africa’s largest market, the huge Kumasi Market in Ghana has more than 12,000 shops and stalls and with the traffic it receives, upgrades are inevitable.

Up to 800,000 people visit the Kumasi Market in Ghana, which neighbours Benin and Togo, each day.

There have been numerous fires in the area because of its size and unplanned development, which has caused the destruction of many stalls and the loss of jobs.

To avoid this, the Deutsche Bank together with the UK Export Finance Agency and the African Export-Import Bank have signed a financing agreement for the second phase of the Kumasi Market reconstruction project.…