📋 Tender Overview
Project Number: 47911
Company Name: ECOBANK TRANSNATIONAL INCORPORATED
Date SPI Disclosed: Feb 28, 2024
Country: Africa Region
Region: Africa
Projected Board Date: Apr 15, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Commercial Banking - SME Finance
Additional Project Attributes: Blended Finance
Project Description
The proposed project is a multi-currency financing facility in the aggregate amount of up to US$345 million to eight affiliates of Ecobank Transatlantic Incorporated ( ETI or the Group ), consisting of multi-country risk sharing facilities ( RSF ) and loan facilities to scale-up lending to small and medium enterprises ( SMEs ), including women-owned SMEs ( WSMEs ). Countries considered – namely Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Senegal, Togo, Malawi, and Mali – are subjected to considerate SME and WSME finance gaps and challenging macroeconomic conditions characterized by high interest rates and tightening liquidity. The proposed project is expected to be processed under existing IFC programs, including the Small Loan Guarantee Program ( SLGP ) as well as trade facilities under the Global Trade Finance Program ( GTFP ) under the Africa Trade Recovery Initiative ( ATRI ) umbrella.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
