ETI Investement II

pending

The proposed project is a multi-currency financing facility in the aggregate amount of up to US$345 million to eight affiliates of Ecobank Transatlantic Incorporated (“ETI” or the “Group”), consisting of multi-country risk sharing facilities (“RSF”) and loan facilities to scale-up lending to small and medium enterprises (“SMEs”), including women-owned SMEs (“WSMEs”). Countries considered – namely Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, Senegal, Togo, Malawi, and Mali – are subjected to considerate SME and WSME finance gaps and challenging macroeconomic conditions characterized by high interest rates and tightening liquidity. The proposed project is expected to be processed under existing IFC programs, including the Small Loan Guarantee Program (“SLGP”) as well as trade facilities under the Global Trade Finance Program (“GTFP”) under the Africa Trade Recovery Initiative (“ATRI”) umbrella.