Ecobank’s Kenyan Unit to Get $15 Million to Finance Lending

The Kenyan unit of Togo’s Ecobank Transnational Inc. secured a $15 million credit line from Proparco, a French development agency, to finance lending to customers, the bank said in e-mail statement today.

The loan agreement will be signed tomorrow in Nairobi, according to the statement.

To contact the reporter on this story: Johnstone Turana in Accra at jturana@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.

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