Supporting international trade finance in Africa
Multi-country Global Côte d'Ivoire Ghana Kenya Uganda
Proparco has joined forces with a key player in trade, Touton, which employs most of its staff in Africa and contributes to business activity on the continent.
Client presentation
Founded in Bordeaux in 1848, Touton Group is a major player in the global trade of tropical agricultural commodities (cocoa, coffee, spices and ingredients, including spices and vanilla). It employs about 900 people worldwide, largely in Africa.
Project description
This project involves a risk sub-participation in the form of a guarantee on a USD 45m financing facility allocated by BIC-BRED Suisse SA (a subsidiary of the French bank Bred-Banque Populaire which is specialized in trade finance) to its French client trader Touton.
Project impact
This risk-sharing operation complements Proparco’s existing range of Trade Finance products.
It will enable Touton to continue to finance its operations on a permanent basis. It will also contribute to maintaining access to decent jobs and reducing inequalities in several countries where Proparco operates.
This information is given at the time of signature, without prejudice to any developments in the operation/project
11/07/2023
Date of signature of the project
Sectors
Multi-country Global Côte d'Ivoire Ghana Kenya Uganda
Location
Financing tool
18 000 000
Euros
Amount of funding
USD 20m guarantee
BIC-BRED (Suisse) SA
Switzerland
PFR1033
CES
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News
SignatureProparco, Bic-Bred (Suisse) SA and the Touton Group join forces to support cocoa and coffee exports from Africa
Published on 25 January 2023 -
on the same region
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on the same topic
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on the same financial tool
