Fatshimétrie announces a significant step forward in the field of oil debt financing in the Democratic Republic of Congo, with the second drawdown of US$282 million, the result of a unique collaboration between EquityBCDC and the banks FirstBank DRC SA, Ecobank RDC and Standard Bank. This unprecedented syndication, in partnership with the Congolese Government, aims to support the country’s oil sector while ensuring economic stability.
The amount of this second drawdown, with EquityBCDC contributing US$156 million, attests to the success of the first drawdown of US$123.5 million. These initiatives demonstrate the commitment of the banks involved to the economic development of the DRC and the fluidity of the oil market.
This project is part of EquityBCDC’s overall vision of being a major player in socio-economic prosperity in Africa, by promoting an effective partnership between the public and private sectors. The close collaboration with the Congolese authorities and the Ministries of Finance, Economy and Hydrocarbons illustrates the importance given to the good management of financial resources for the well-being of the Congolese population.
EquityBCDC’s Managing Director, Willy K. Mulamba, underlines the importance of this second drawdown in stabilizing the economic market, ensuring that this financing will benefit the entire Congolese economy. By promoting access to banking services for all economic actors, from small entrepreneurs to large companies, EquityBCDC contributes to strengthening the local economy and creating growth opportunities for all.
This approach reflects EquityBCDC’s vision of being a catalyst for economic development in the DRC, transforming lives and offering prospects for prosperity to the entire population. By promoting financial inclusion and supporting local businesses, EquityBCDC actively participates in building a sustainable and equitable economy in the Democratic Republic of Congo.
In conclusion, this new step in the financing of oil debt in the DRC demonstrates EquityBCDC’s ability to mobilize the resources needed to support the country’s economic development. Through strong partnerships and a clear vision, EquityBCDC is a key player in the transformation of the Congolese economy and the promotion of prosperity for all its inhabitants.