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- (Front, from left) Sebastian Ashong-Katai, MD, Ecobank Sierra Leone and Samir Abhyankar, MD and Head of Financial Services, BII (Back, from left) Kevin James, Head of International Organisations & Development Finance Institutions – USA, UK & Europe, Ecobank; Jo Fry, Investment Director and Head of Intermediated Financial Services, BII; HE Morie Komba Manyeh, Sierra Leone High Commissioner to the UK; Wahid Ben Tanfous, Investment Manager, BII and Alex Kucharski, Head of West Africa for ARIA, BII
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Ecobank Transnational Incorporated |
British International Investment and Ecobank Sierra Leone sign $25 million risk sharing agreement to boost private sector growth
The investment will help Ecobank Sierra Leone to grow its loan book by increasing credit limits and extend lending tenors to up to five years
The facility will increase lending to businesses in Sierra Leone where access to finance is limited, support local currency lending and provide longer-term loans which are generally unavailable; It demonstrates BII’s ability to act as a first mover in frontier markets, navigating risk and working with partners to create impact;…
