Launch of a €114 million line of credit for long-term loans to African businesses

Sep 09, 2013

OPIC and Amethis Finance announced the launch of a $150 million (€114 million) line of credit dedicated to long-term investments in priority sectors for development in Africa.

OPIC and Amethis Finance announced the launch of a $150 million (€114 million) line of credit dedicated to long-term investments in priority sectors for development in Africa.

CEO of OPIC
Elizabeth Littlefield,
told Ecofin news agency that the credit line will help fill the investment gap in sectors such as agribusiness, infrastructure, energy and the financial services, which are essential to African growth.

The funds will enable OPIC and Amethis to provide funding as long-term debt for fast growing companies that are considering a regional or continental expansion in Africa.

"Our strategy is to build long-term ties with the managers of African enterprises, help them in a new phase of development and support them in their search for high-growth opportunities within their regional area," the President executive and co-founder of Amethis Finance, Luc Rigouzzo, told Ecofin news agency.ADNFCR-2976-ID-801635340-ADNFCR