The African Export-Import Bank (Afreximbank) has arranged a EUR 200 million syndicated bridge financing facility for Cote d’Ivoire’s state-owned Port Autonome d’Abidjan (PAA) to enable the company expand facilities at the Abidjan Port.

According to the agreement signed by PAA and the participating banks in Cairo and Abidjan, Afreximbank and Société Générale Cote d’Ivoire will each provide 50 million Euros while Banque Atlantique, through its group across Africa, will participate in an amount of 100 million Euros. Banque Atlantique will also serve as the local agent bank for the transaction.