{"id":3128,"date":"2020-04-20T12:03:02","date_gmt":"2020-04-20T10:03:02","guid":{"rendered":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/?p=3128"},"modified":"2020-04-20T12:12:59","modified_gmt":"2020-04-20T10:12:59","slug":"long-term-loan-to-support-smes-in-botswana","status":"publish","type":"post","link":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/long-term-loan-to-support-smes-in-botswana\/","title":{"rendered":"Long-term loan to support SMEs in Botswana"},"content":{"rendered":"
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Proparco, the French Development Agency\u2019s private sector financing arm, has concluded a US$10 million Tier II long-term debt financing with African Banking Corporation Botswana (\u201cBancABC Botswana\u201d) to accelerate the bank\u2019s activity towards supporting the growth of SMEs and commercial enterprises.<\/strong><\/p>\n

With the current global economic challenges wrought by the COVID 19 pandemic, this facility reaffirms Proparco\u2019s long-term commitment to financial institutions and MSMEs, both key contributors to economic resilience on the continent.<\/strong><\/div>\n

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Despite their crucial role in most African economies, MSMEs often lack the funds necessary to support their activity and grow their businesses.\u00a0 Supporting MSMEs\u2019 ability to create jobs and provide essential goods and services is core to Proparco\u2019s development mandate, particularly in times of economic downturn.<\/p>\n

BancABC Botswana is a subsidiary of the Pan African banking group, Atlas Mara Ltd, a financial services company listed on the London Stock Exchange and operating in seven Sub-Saharan African countries. This new Partnership is Proparco\u2019s 2nd collaboration with the Atlas Mara Group<\/a> and its first ever operation in Botswana.<\/p>\n

It is estimated that the Partnership will help support over 4,500 direct and indirect jobs in the coming years, which will contribute to Sustainable Development Goal 8 (Economic Growth and decent jobs).<\/p>\n

This Partnership also contributes to the French initiative Choose Africa<\/em><\/a>, launched by the AFD Group in 2019, which ambitions to dedicate \u20ac2.5Bn to accelerate the growth of MSMEs in Africa by 2022. As of December 2019, more than \u20ac1Bn had already been deployed on the continent through this initiative.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Proparco, the French Development Agency\u2019s private sector financing arm, has concluded a US$10 million Tier II long-term debt financing with African Banking Corporation Botswana (\u201cBancABC Botswana\u201d) to accelerate the bank\u2019s activity towards supporting the growth of SMEs and commercial enterprises. With the current global economic challenges wrought by the COVID 19 pandemic, this facility reaffirms… View Article<\/a>","protected":false},"author":15,"featured_media":3127,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[139],"pays":[236],"offres":[357],"class_list":["post-3128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-banques-et-services-financiers-en","pays-botswana-en","offres-financial-institutions"],"acf":[],"yoast_head":"\nLong-term loan to support SMEs in Botswana - Choose Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/actualites\/un-pret-long-terme-pour-soutenir-les-pme-au-botswana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-term loan to support SMEs in Botswana - Choose Africa\" \/>\n<meta property=\"og:description\" content=\"Proparco, the French Development Agency\u2019s private sector financing arm, has concluded a US$10 million Tier II long-term debt financing with African Banking Corporation Botswana (\u201cBancABC Botswana\u201d) to accelerate the bank\u2019s activity towards supporting the growth of SMEs and commercial enterprises. With the current global economic challenges wrought by the COVID 19 pandemic, this facility reaffirms... 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