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This loan is part of a $200 million syndicated loan facility arranged by the Dutch development bank FMO. Beside FMO and Proparco, DEG, BIO and OeEB participate in this financing which illustrates the coordination between - and cumulative impact of - European Development Finance Institutions (EDFIs).

The syndicated loan granted to Ecobank Transnational Incorporated, the Togo-based holding company of the pan-African Ecobank Group, will allow 12 Ecobank subsidiaries to develop their activities towards small and medium sized enterprises. This will thus directly contribute to Sustainable Development Goal (SDG) number 8 dedicated to decent work and economic growth.

The Ecobank Group is a pioneer in the African banking sector and a longstanding partner of Proparco. For example, Proparco signed its first trade finance operation with four subsidiaries of the Group in July 2017.

For more information, please visit FMO's website