{"id":4473,"date":"2022-10-24T15:22:50","date_gmt":"2022-10-24T13:22:50","guid":{"rendered":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/?p=4473"},"modified":"2022-10-24T15:25:03","modified_gmt":"2022-10-24T13:25:03","slug":"proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes","status":"publish","type":"post","link":"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/","title":{"rendered":"Proparco and Ecobank C\u00f4te d&#8217;Ivoire strengthen their collaboration for the benefit of Ivorian SMEs"},"content":{"rendered":"<div class=\"field field--name-field-chapo field--type-string-long field--label-hidden field__item\" data-quickedit-field-id=\"node\/3513\/field_chapo\/en\/full\" data-once=\"quickedit\"><strong>On the occasion of the 3rd edition of the Finance in Common Summit (FICS), R\u00e9my Rioux, Chief Executive Officer of Agence Fran\u00e7aise de D\u00e9veloppement (AFD), Proparco and Ecobank C\u00f4te d&#8217;Ivoire signed two portfolio guarantees, ARIZ and EURIZ, for a total amount of FCFA 5.5 billion (equivalent to \u20ac 8.4 million). These guarantees will enable Ecobank C\u00f4te d&#8217;Ivoire to accelerate its financing of Very Small and Medium Enterprises (VSEs) in the country, especially those owned or managed by women as part of its initiative in favor of women entrepreneurship, &#8220;Ellever&#8221;.<\/strong><\/div>\n<div class=\"clearfix text-formatted field field--name-field-under-chapo field--type-text-long field--label-hidden field__item\" data-quickedit-field-id=\"node\/3513\/field_under_chapo\/en\/full\" data-once=\"quickedit\">\n<p class=\"CxSpFirst\">This new partnership comes at the end of the <a href=\"https:\/\/financeincommon.org\/\">Finance in Common Summit (FICS)<\/a> which brought together all public development banks from October 18 to 20 in Abidjan. Proparco thus reaffirms its commitment to African entrepreneurship, which plays a key role in job creation and access to essential goods and services on the continent.<\/p>\n<p><a href=\"https:\/\/www.ecobank.com\/group\">Ecobank C\u00f4te d&#8217;Ivoire<\/a> is a major banking institution in the country and an expert in SME financing. <a href=\"https:\/\/www.afd.fr\/fr\">AFD Group<\/a> and Ecobank C\u00f4te d&#8217;Ivoire have had an important partnership for several years for the development of the Ivorian private sector.<\/p>\n<p>The <a href=\"https:\/\/www.proparco.fr\/fr\/ressources\/ariz\">ARIZ<\/a> portfolio guarantee, with 50% coverage, is one of AFD Group&#8217;s emblematic tools, particularly effective in encouraging investment and job creation in SMEs operating in many sectors of activity (agriculture, health, industry, microfinance, transport, etc.).<\/p>\n<p>The <a href=\"https:\/\/www.proparco.fr\/fr\/ressources\/avec-euriz-faciliter-lacces-au-credit-des-pme-des-pays-dafrique-des-caraibes-et-du\">EURIZ<\/a> guarantee, <a href=\"https:\/\/www.proparco.fr\/en\/actualites\/launch-euriz-guarantee-eu181-million-facilitate-msmes-access-credit-africa-and-caribbean\">which is supported by the European Union and the African, Caribbean and Pacific Group of States (OACPS)<\/a>, will enable Ecobank C\u00f4te d&#8217;Ivoire to support investments by SMEs with a high developmental impact by sharing 70% of the credit risk. It specifically targets social sectors, agriculture, climate co-benefit investments and women-owned or -led businesses, which is a key focus of Ecobank&#8217;s strategy, particularly through its &#8220;Ellevate&#8221; initiative. It is in this sense that S\u00e9fora Kodjo, founder of the SEPHIS Foundation, which works for women&#8217;s leadership, participated in the ceremony, in the presence of two women entrepreneurs who benefit from a support from the SEPHIS Foundation.<\/p>\n<p>These loan offers guaranteed by Proparco are part of the French Choose Africa initiative, implemented by the AFD Group, which aims to commit 3.5 billion euros to African start-ups, VSEs and SMEs over the 2018-2022 period.<\/p>\n<p>&#8220;<em>AFD, through its private sector dedicated subsidiary Proparco, has always worked closely with banking institutions and in particular Ecobank C\u00f4te d&#8217;Ivoire to support SME financing on the continent. The implementation of the Choose Africa initiative reinforces our commitment to respond more concretely to the needs of SMEs, particularly those operating in high-impact sectors<\/em>,&#8221; said\u00a0<strong>R\u00e9my Rioux, Chief Executive Officer of Agence Fran\u00e7aise de D\u00e9veloppement<\/strong>.<\/p>\n<p>For\u00a0<strong>Paul-Harry Aithnard, Director of Ecobank C\u00f4te d&#8217;Ivoire, Executive Director for the WAEMU region<\/strong>, &#8220;<em>Ecobank C\u00f4te d&#8217;Ivoire is very proud of this new partnership with Proparco which establishes a relationship of trust between the two institutions. This partnership will make it possible to provide additional financing to SMEs, an essential link in the development of our economies and the creation of wealth and jobs. Indeed, SMEs are one of the strategic priorities of the Ecobank Group. It is important that international players such as Proparco contribute to consolidate this march towards more inclusive economies&#8221;<\/em>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"On the occasion of the 3rd edition of the Finance in Common Summit (FICS), R\u00e9my Rioux, Chief Executive Officer of Agence Fran\u00e7aise de D\u00e9veloppement (AFD), Proparco and Ecobank C\u00f4te d&#8217;Ivoire signed two portfolio guarantees, ARIZ and EURIZ, for a total amount of FCFA 5.5 billion (equivalent to \u20ac 8.4 million). These guarantees will enable Ecobank&#8230; <a class=\"view-article\" href=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\">View Article<\/a>","protected":false},"author":21,"featured_media":4474,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[139],"pays":[197],"offres":[],"class_list":["post-4473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-banques-et-services-financiers-en","pays-cote-divoire-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Proparco and Ecobank C\u00f4te d&#039;Ivoire strengthen their collaboration for the benefit of Ivorian SMEs - 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\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proparco and Ecobank C\u00f4te d&#039;Ivoire strengthen their collaboration for the benefit of Ivorian SMEs - Choose Africa\" \/>\n<meta property=\"og:description\" content=\"On the occasion of the 3rd edition of the Finance in Common Summit (FICS), R\u00e9my Rioux, Chief Executive Officer of Agence Fran\u00e7aise de D\u00e9veloppement (AFD), Proparco and Ecobank C\u00f4te d&#8217;Ivoire signed two portfolio guarantees, ARIZ and EURIZ, for a total amount of FCFA 5.5 billion (equivalent to \u20ac 8.4 million). These guarantees will enable Ecobank... View Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"Choose Africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-24T13:22:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-24T13:25:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/wp-content\/uploads\/2022\/10\/choose-africa-8-image-ecobank-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1679\" \/>\n\t<meta property=\"og:image:height\" content=\"609\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudia Di Quinzio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claudia Di Quinzio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\"},\"author\":{\"name\":\"Claudia Di Quinzio\",\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/#\/schema\/person\/67f1e39fb498cc2c5ea719451e0a9114\"},\"headline\":\"Proparco and Ecobank C\u00f4te d&#8217;Ivoire strengthen their collaboration for the benefit of Ivorian SMEs\",\"datePublished\":\"2022-10-24T13:22:50+00:00\",\"dateModified\":\"2022-10-24T13:25:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\"},\"wordCount\":553,\"publisher\":{\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/#organization\"},\"image\":{\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/wp-content\/uploads\/2022\/10\/choose-africa-8-image-ecobank-1.jpg\",\"keywords\":[\"Banks and Financial services\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\",\"url\":\"https:\/\/afd-chooseafrica-qa.cegedim.cloud\/en\/news\/proparco-and-ecobank-cote-divoire-strengthen-their-collaboration-for-the-benefit-of-ivorian-smes\/\",\"name\":\"Proparco and Ecobank C\u00f4te d'Ivoire strengthen their collaboration for the benefit of Ivorian SMEs - 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