Amethis Finance, DEG, Swedfund and FMO Provide a Loan to Ecobank Nigeria (Sub-Saharan Africa)

Source: Amethis Finance

Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and development finance institutions DEG, Swedfund and FMO have provided a US$75 million syndicated subordinated term loan to commercial bank Ecobank Nigeria. Amethis invested US$15 million, while DEG and Swedfund invested US$20 million and US$10 million, respectively. FMO, which arranged the loan, invested US$30 million. The loan will be used to support Ecobank’s development and growth in SME lending.