Published: May 27, 2014
African lender receives US$200mn loan from AfDB to help support small and medium-sized companies.
Ecobank, a pan-African lender with businesses in 35 countries across the continent, has struck a US$200mn trade-finance funding line with the African Development Bank (AfDB).
The package comprises a US$100mn unfunded risk-sharing facility and a US$100mn trade-facilitation loan that Ecobank will use to provide trade-finance support to small companies in Africa.