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Linda Larbie's Blog – July 2012 Archive (2)

Ecobank Capital raises USD228 million to close first tranche of loan syndication on behalf of Olam Palm Gabon

Ecobank Capital, the investment banking arm of Ecobank, the leading pan-African bank, announces that it has successfully raised, in FCFA and Euro equivalent, the sum of USD 228 million required to close the first tranche of a loan syndication on behalf of Olam Palm Gabon (“OPG”).

The facility comprises a USD 20 million 10-year FCFA tranche and a USD 208 million 7-year Euro and FCFA tranche, extendable to 12 years. The second tranche of the syndicated loan is likely to be placed with…


Added by Linda Larbie on July 26, 2012 at 4:08pm — No Comments

Ecobank and Banco Espírito Santo enter into alliance on Africa trade and investments

Portugal’s third largest commercial bank, Banco Espírito Santo (‘BES’) and the Ecobank Group, the leading pan-African banking group with a presence in 32 African countries, have entered into a cooperation agreement to develop trade and investments between Portugal and Africa.

The Memorandum of Understanding (“MOU”), which was signed at BES’ Lisbon…


Added by Linda Larbie on July 26, 2012 at 2:59pm — No Comments

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