Proparco and Ecobank Group are reaffirming their commitment to supporting the supply of essential products in Africa. They are reinforcing their historic partnership through the integration of the Chadian subsidiary with a €10 Million facility into the Trade Finance programme.
On the first day of AFIS (Africa Financial Summit 2025), Ecobank Group and Proparco signed a €10 million trade finance guarantee facility for Ecobank Chad. This will facilitate imports of raw materials essential for creating added value in the country.
This programme addresses supply needs not covered by the local market and is part of the Food & Agriculture Resilience Mission (FARM) initiative launched in 2022 by France, together with the European Union, the G7 and the African Union. Its objective is to strengthen food security in the most vulnerable countries.
This guarantee is also part of the Choose Africa programme run by the AFD Group (Agence Française de Développement, Proparco and Expertise France), which provides financing solutions to small African businesses (start-ups, micro-enterprises and MSMEs), supporting them through the various stages of their growth, via local partners backed by the AFD Group.
Jeremy Awori, Ecobank Group CEO, said: “This renewed partnership with Proparco reflects our shared commitment to strengthening the economic resilience of Chad and the wider region, contributing to the implementation of Chad's new National Development Plan. By facilitating access to essential raw materials, we are supporting local industrialisation, food security and value creation on the continent. Using the combined expertise of our pan-African network and Ecobank International in France, we will continue to support our customers by facilitating trade and strengthening risk management, in order to build sustainable growth”.
Djalal Khimdjee, Proparco Deputy Chief Executive Officer, commented: “We are very pleased to welcome Ecobank Chad to the Trade Finance programme that we have co-developed with Ecobank Group since 2018. This new partnership will benefit local businesses, enabling them to import raw materials and become part of the international value chain, in order to better meet the needs of local communities. This transaction brings the total volume of Trade Finance guarantees granted to the Ecobank Group since 2018 to €125 million”.
Media Contacts
• Proparco: Christoph Haushofer; presse@proparco.fr
• Ecobank Transnational Incorporated: Christiane Bossom; groupcorporatecomms@ecobank.com
About Proparco
Proparco, a subsidiary of the French Development Agency (AFD) Group, has been working for over 45 years alongside private sector actors in support of a fairer and more sustainable world. With an international network of 23 local offices, Proparco is deeply connected to its partners, helping to build sustainable solutions to address environmental and social challenges in Africa, the Middle East, Asia, and Latin America. Proparco offers sector-specific expertise and a diversified range of financial instruments tailored to the different stages of business development, notably through its subsidiary Digital Africa, as well as a technical assistance programme, Propulse, designed to amplify the impact and performance of its partners.
With its new 2023–2027 strategy, “Acting Together for Greater Impact,” Proparco is exploring, strengthening, and expanding its operational approaches in collaboration with its partners.
For further information, please visit: http://www.proparco.fr | @Proparco | LinkedIn
About Ecobank Group
Ecobank Group is the leading private pan-African banking group with unrivalled African expertise. Present in 34 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit www.ecobank.com