Release date: 11 December 2014
Promoter – Financial Intermediary
ECOBANK TRANSNATIONAL INCLocation
Description
Credit line to finance the development of Ecobank Transnational Incorporated (ETI) in view of the expansion of its regional network and the development of its private sector SME operations throughout countries in Sub-Saharan Africa.
Objectives
Credit line to Ecobank Transnational Incorporated (ETI) to finance the development of its private sector SME operations throughout countries in Sub-Saharan Africa, covering the sectors of agri-businesses, construction/aggregates, utilities, manufacturing, mining, telecoms, infrastructure, logistics and retail. A part of the credit line will be directed to the development of ETI in view of the expansion of its regional network.
Comments
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 19/12/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).