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Ecobank signs US$14 million investment agreement with AFIG Funds

Ecobank signs US$14 million investment agreement with AFIG Funds

PRESS RELEASE-Lome, Togo (28 July, 2010) — Ecobank Transnational Inc. (ETI) announced today that it has reached an agreement with Advanced Finance & Investment Group (“AFIG”), manager of the Atlantic Coast Regional Fund (“ACRF”), for an ACRF investment of US$14 million in three subsidiaries of ETI.

The ETI subsidiaries involved in this transaction are Ecobank Chad, Ecobank Liberia, and Ecobank Rwanda. The subsidiaries will receive investments in the combination of equity and convertible bonds, distributed as follows: US$6 m...Read more >>

Ecobank signs US$14 million investment agreement with AFIG Funds

Ecobank signs US$14 million investment agreement with AFIG Funds

PRESS RELEASE-Lome, Togo (28 July, 2010) — Ecobank Transnational Inc. (ETI) announced today that it has reached an agreement with Advanced Finance & Investment Group (“AFIG”), manager of the Atlantic Coast Regional Fund (“ACRF”), for an ACRF investment of US$14 million in three subsidiaries of ETI.

The ETI subsidiaries involved in this transaction are Ecobank Chad, Ecobank Liberia, and Ecobank Rwanda. The subsidiaries will receive investments in the combination of equity and convertible bonds, distributed as follows: US$6 million in Chad, US$4 million in...Read more >>

Ecobank signs US$14 million investment agreement with AFIG Funds

Ecobank signs US$14 million investment agreement with AFIG Funds

PRESS RELEASE-Lome, Togo (28 July, 2010) — Ecobank Transnational Inc. (ETI) announced today that it has reached an agreement with Advanced Finance & Investment Group (“AFIG”), manager of the Atlantic Coast Regional Fund (“ACRF”), for an ACRF investment of US$14 million in three subsidiaries of ETI.

The ETI subsidiaries involved in this transaction are Ecobank Chad, Ecobank Liberia, and Ecobank Rwanda. The subsidiaries will receive investments in the combination of equity and convertible bonds, distributed as follows: US$6 million in Chad, US$4 million in...Read more >>