The African Development Bank (AfDB) has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for financing of up to $75 million. The agreement is the bank’s first private sector loan to the East African nation.

The financing facility comes in the form of a senior corporate loan of up to the equivalent of $75 million in multiple currencies, which includes $40 million and €30 million.

“At the end of the day, Sudan is an agricultural country, and...