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International consortium backs Damietta port in Egypt: US$ 455 million financing package from EBRD, IFC, AIIB, DEG and Proparco

damietta egypte proparco investment
• EBRD, IFC, AIIB, DEG and Proparco to provide a US$ 455 million financing package to Damietta Alliance Container Terminals.
• Co-financing to develop the superstructure of a second container terminal in Damietta Port in Egypt.
• Financing will also support vocational training for residents living near the port with a focus on creating gender inclusive jobs.
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Ecobank Malawi Secures A $10 Million Trade Finance Guarantee To Boost The Country's Food Security

Proparco-Ecobank-Mala
Proparco has just signed a $10 million Trade Finance Guarantee with Ecobank Malawi. The Guarantee will enable the bank to secure confirmation lines on Letters of Credit for importation of strategic commodities such as fertilizers, basic foodstuffs and strategic raw materials. It will thus help to facilitate the development of Trade relations between Malawian importers and international exporters – a crucial enabler for Malawi's economic growth!
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