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Economic stability and sustainable development in Africa: Atidi supports Benin's latest financing operation

10/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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A press release announced that the Insurance for Trade and Investor Development in Africa (Atidi) supported the latest financing operation of the Republic of Benin. It provided a second loss guarantee on a loan of 507.5 million euros granted by Deutsche Bank

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The document mentions that this significant transaction illustrates Atidi's commitment to facilitate access to innovative financial solutions, which promote economic stability and sustainable development in Africa. According to the same source, “the unsecured senior amortizable term loan, Banque mondiale arranged exclusively by Deutsche Bank, benefits from a first loss guarantee of up to 200 million euros from the International Development Association (Ida), a member of the Group of the. Atidi's second loss guarantee complements this package and covers the balance of principal and interest, thus strengthening investor confidence and reducing Benin's financing costs.” According to the press release, the loan was concluded simultaneously with Benin's return to the international capital markets through the issuance of a 500 million USD bond.

Atidi's participation underlines its key role in providing risk mitigation solutions that enable African states to access long-term, profitable financing on favourable terms. This transaction is the first guarantee supported by Ida in through the new guarantee platform of Banque mondiale , launched in July 2024.

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