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    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
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    $300 Million Level 2 Sustainability notes proposed liftoff by the Ecobank Transnational Incorporated

    Posted On 09 Jun 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura–

    ( Photo Credit: Twitter )

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Ecobank Transnational Incorporated – a notable Pan-African banking group and parent company of the Ecobank Group, has published its project to increase $300 million from the international debt capital markets through the allotment of Grade 2
    entitling sustainability memoranda.

    According to a disclosure endorsed by the Group Head of Corporate Communications, Adenike Laoye, this proposal was conveyed to a host of regional Stock Exchanges that constitutes of the Nigerian Exchange Group Plc (NGX), Ghana Stock Exchange, and the Bourse Regionale des Valeurs Mobilieres.

    According to the announcement, ETI aims at to list the Notes on the London Stock Exchange, with the expectation that the Notes will be marketed on its regulated market. Consequence to this, the disbursement of the Notes is thus subject to existing market circumstances and the decision of the essential agreement documentation.

    The Banking Group clarified that a comparable percentage of the net earnings of the Notes will be utilized to subsidize or re-finance, in part or full, new or prevailing desirable assets in agreement with ETI’s Sustainable Finance Framework.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

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    New Africa Business News Staff Correspondent
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    10 Comments

    1. Kalisa June 9, 2021 at 1:19 am Reply

      Thank you for reporting. Let’s make our great banks more efficient and big. Kalisa in Kigali RWANDA

      • New Africa Business News, Staff Correspondent June 9, 2021 at 1:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Joe June 9, 2021 at 1:21 am Reply

      Ecobank is a great African bank. Love their services. Lagos in Nigeria. Joe

      • New Africa Business News, Staff Correspondent June 9, 2021 at 1:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Ali June 9, 2021 at 1:23 am Reply

      Subscriber of new Africa business news newsletter. Love it. Cairo Egypt. Ali

      • New Africa Business News, Staff Correspondent June 9, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Fatima June 9, 2021 at 1:24 am Reply

      Thank you for the newsletters. Great job. Paris in France. Fatima

      • New Africa Business News, Staff Correspondent June 9, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. William June 9, 2021 at 1:26 am Reply

      Thanks for reporting, love your daily reports. William in Monrovia LIBERIA

      • New Africa Business News, Staff Correspondent June 9, 2021 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Nigeria Launches National Domestic Payments Card Program

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    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    • $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years

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