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    Reference: 20130352
    Release date: 11 December 2014

    Promoter – Financial Intermediary

    ECOBANK TRANSNATIONAL INC

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - Africa Credit lines