Ecobank secures $200 million loan to fund climate ambitions
Ecobank Transnational Incorporated (ETI) has inked a deal that will avail $200 million in sustainability-linked loan to the lender, the Lomé-based banking group said Friday.
The group of five European Development Institutions are Proparco, Norfund, FMO, DEG and EFP.
The credit, said to be the first of its kind to a sub-Saharan African financial institution, is to back Ecobank Group’s sustainability and climate strategy and also includes a climate action plan.
The duo of Proparco, which also is the lead arranger…