Fatshimétrie announces today an unprecedented and large-scale partnership for the financing of oil debt in the Democratic Republic of Congo. Indeed, a second drawdown of 282 million was organized in collaboration with the banks FirstBank DRC SA, Ecobank RDC and Standard Bank, under the aegis of the Congolese government. This agreement aims to support the country’s oil companies and to guarantee the distribution of oil products throughout the Congolese territory.
This new drawdown, bringing EquityBCDC’s participation to 156 million US dollars, follows a successful first drawdown of 123.5 million US dollars. These substantial amounts demonstrate the solid performance of the banks involved and their commitment to the country’s economic stability.
It is interesting to note that the implementation of this second drawdown is part of the “Club Deal” project, which involves close collaboration with the Ministries of Finance, Economy and Hydrocarbons. This initiative once again demonstrates EquityBCDC’s ability to unite different stakeholders around a common goal: supporting the economic development of the Democratic Republic of Congo.
Wilky K. Mulamba, the new CEO of EquityBCDC, welcomes this collective success: “The collaboration between the financial institutions involved in this project is exemplary and our shared commitment to the economic development of our country is undeniable. This financing will certainly contribute to stabilizing our economy and promoting the prosperity of our fellow citizens”.
By promoting access to banking services for all and supporting businesses of all sizes, EquityBCDC is asserting itself as a major player in economic development in the Democratic Republic of Congo. Its vision of becoming the champion of socio-economic prosperity throughout Africa shows a strong ambition and commitment to the economic transformation of the continent.
This partnership between the public and private sectors not only illustrates the ability of businesses to work together for the common good, but also the importance of an inclusive and sustainable approach to economic development. By supporting local businesses and promoting wealth creation within communities, EquityBCDC actively contributes to improving the living conditions of the Congolese population.
In conclusion, this oil debt financing initiative in the Democratic Republic of Congo, orchestrated by EquityBCDC and its banking partners, embodies the collective desire to support the country’s economic development while promoting sustainable and inclusive growth.