Finance

DR Congo: AfDB lends $15 million to Rawbank to support the private sector

Wednesday, 14 March 2018 21:16

(Ecofin Agency) - Rawbank, the first trading bank in DR Congo with 24% market shares and nearly 300,000 customers, will secure a $15 million loan from the African Development Bank (AfDB), an official statement reveals.

A part of the resource obtained under this credit line will be used to finance the medium and long-term capital needs of about fifteen SMEs active in the industry, infrastructures, construction, hotel and trade sectors.

This loan will also allow Rawbank “to improve long-term liquidity, diversify funding base, strengthen the balance sheet and support the growth of its business portfolio,” AfDB’s statement indicated. The loan will be paid after 7 years. Apart from the loan, the Congolese bank has also been granted a technical assistance subsidy to train and develop the capacity of women entrepreneurs in the country.

Chamberline Moko



 
Telecom


 
Public Management


Following the French president (photo) Emmanuel Macron's announcement of the launch...
Cloudleaf Inc partnered with the tech services provider Bahwan CyberTek (BCT) to...
The African Development Bank’s Business Opportunity Seminar (BOS), an initiative to...

Live News

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.