• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    African Development Bank and Google Signs Agreement on Digital Transformation
    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank
    $20 Million has been endorsed by the AfFB to enhance the business to strengthen investments for Climate-Smart Agriculture in Mozambique AfDB Divulged
    Nigeria’s Telecom Contribution to the Gross Domestic Product (GDP) Hits 16 per cent in the Second Quarter of 2023- report
    Philip Mpango Vice President of Tanzania called for a Global Partnership to address the existing Demographic Emergency
    Dr. Akinwumi Adesina President of the AfDB raised an eyebrow at the Improvement to Failing Global Financial Architecture
    N125 billion hoisted by MTN Nigeria through Commercial Paper Issuance by way to improve its Financing Alternatives

    The Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID ) autographed €40 Million framework consensus with the ODDO BHF Amtiengesellschaft

    Posted On 06 Mar 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura–

    Photo Credit: Depositphotos

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The ECOWAS Bank for Investment and Development (EBID) has approved a €40 million framework agreement with the ODDO BHF Aktiengesellschaft, a Franco-German financial services group with a longstanding track record and expertise in trade financing.

    The account in question would be utilized to enhance the chances for Small and Medium scale Enterprises (SMEs) and trades to facilitate them in a bid to subscribe to the economic expansion in the landmass, generate job by funding projects in areas such as renewable energy, agribusiness and pharmaceutical production. The treaty was
    ratified by the President of the EBID – Dr. George Donkor and the Head of International and Corporate Banking at ODDO BHF – Florian Witt, for their respective institutions on March 04th,, 2021 via a video conference.

    Donkor affirmed, “the credit facility illustrates the commitment of the two institutions to the region’s transformation agenda through sustainable support to the vital sector of agribusiness.”

    In his statement, Witt noted: “ODDO BHF AG, with its international banking division and its strong focus on Africa, has been supporting the West African region for many years and is very much looking forward to working with the EBID.”

    The framework commitment comprises of a tentative credit line of €40 million given by the ODDO BHF AG to the EBID under which individual loan agreements could be inferred. The credit line was formulated for project-related transactions throughout the Economic Community of West African States (ECOWAS) sub-region, which incorporated merchandises from Europe officially funded by export credit agencies  (ECAs) like the Atradius of the Netherlands, the Bpifrance Assurance Export of France and the Euler Hermes of Germany. It’s believed that, they related the partnership between EBID and ODDO BHF AG as a crucial assistance in facilitating the growth of several industrial sectors in the ECOWAS nation.

     

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

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

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

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Ghana Signs Trade Partnership Agreement with the United Kingdom

    Next Story

    Africa Continental Free Trade Area (AfCFTA) Secretary General to Headline Five Days Africa Private Sector Summit

    10 Comments

    1. Amy March 6, 2021 at 5:49 am Reply

      Thank you very much for the daily newsletters and the reports. Amy in London, England

      • New Africa Business News, Staff Correspondent March 6, 2021 at 5:50 am Reply

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

    2. Peter March 6, 2021 at 5:53 am Reply

      Thank you for the report. ECOWAS Bank for Investment and Development is being doing great for the Region. Kampala in Uganda. Peter

      • New Africa Business News, Staff Correspondent March 6, 2021 at 5:54 am Reply

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

    3. Ahmed March 6, 2021 at 5:56 am Reply

      Thank you, Bangura and your team for the report. Cairo Egypt. Ahmed

      • New Africa Business News, Staff Correspondent March 6, 2021 at 5:57 am Reply

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

    4. Obi March 6, 2021 at 6:01 am Reply

      ECOWAS is a great regional block. Doing many great development things for the region. Obi in Abuja, NIGERIA

      • New Africa Business News, Staff Correspondent March 6, 2021 at 6:02 am Reply

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

    5. Felix March 6, 2021 at 6:06 am Reply

      Thank you for the report. This ECOWAS bank for investment and development is doing great investments in West Africa. Felix in Monrovia LIBERIA

      • New Africa Business News, Staff Correspondent March 6, 2021 at 6:07 am Reply

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

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    African Development Bank and Google Signs Agreement on Digital Transformation

    Posted On 28 Sep 2023

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Posted On 27 Sep 2023

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Posted On 26 Sep 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    African Development Bank and Google Signs Agreement on Digital Transformation

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Recent Posts

    • African Development Bank and Google Signs Agreement on Digital Transformation
    • Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    • Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    • Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    • $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.