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Proparco and Ecobank Liberia have signed a USD 10M Trade Finance guarantee

Proparco liberia ecobank trade finance
After a pilot Trade Finance project launched in 2017 with Ecobank Group subsidiaries in Mali, Burkina Faso, Guinea and Côte d'Ivoire (and their French subsidiary as confirming bank), PROPARCO has just signed a USD 10M Trade Finance Guarantee Programme with Ecobank Liberia Limited (ELR). The event was held in the presence of Jean-Yves Le Drian, Minister of Europe and Foreign Affairs of France, Dee-Maxwell Saah Kemayah Sr, Minister of Foreign Affairs of Liberia, Michaël Roux, Ambassador of France to Liberia and Christophe Cottet, AFD’s Country Director for Ghana and Liberia.
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IVORY COAST : Proparco and EAIF partner to finance the first biomass plant with grid injection in Africa

During the visit to Côte d’Ivoire by Mr. Jean-Yves Le Drian, the French Minister for Europe and Foreign Affairs, Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a 165M EUR project finance deal and 13M EUR grant to secure the financing of Biovea project in Ivory Coast, which will be the first biomass power plant with grid injection in Africa.
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Côte d'Ivoire: PROPARCO is strengthening its partnership with ADVANS-CI, ECOBANK-CI and SIB to support Ivorian companies affected by the crisis

During the visit to Côte d’Ivoire by Mr. Franck Riester, the French Minister Delegate for Foreign Trade and Economic Attractiveness, PROPARCO and the financial institutions ADVANS-CI, ECOBANK-CI and Société Ivoirienne de Banque (SIB) today signed new MoUs to support Ivorian companies affected by the crisis. These partnerships will allow the deployment of the Choose Africa Resilience guarantee set up in response to the crisis.
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