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Home Business & Finance Business

‘Credit facility’ European Investment Bank offers Ecobank Group $113 million for African SMEs

Freelanews by Freelanews
January 4, 2022
in Business
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EUROPEAN INVEST. BANK PS L scaled

The Ecobank Group, based in Togo, recently received a EUR 100 million (USD 113 million) credit facility from the European Investment Bank of the EU (EIB).

The goal is to help develop the small and medium-sized enterprise (SME) sector, with a focus on businesses “most impacted by the COVID-19 pandemic.” To support the loan, the EIB-funded African Women Rising Initiative will provide technical assistance, including “training and capacity building for lending to women entrepreneurs.”

 

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