The €250 million syndicated loan arranged by the African Export-Export Bank (Afreximbank) on behalf of the Port Autonome d’Abidjan (PAA) in Côte d’Ivoire has received the Deal of the Year award from GTR magazine. At the awards ceremony held on April 30 at the Landmark Hotel in London, the Afreximbank delegation, led by Kanayo Awani, Director of the Trade Finance and Branches Department, received the magazine’s Best Deal Award. The Port Autonome d’Abidjan has benefited from a €250 million facility to support its vision of becoming an international-standard port hub in West Africa. This facility will finance prepayments and costs associated with the port's expansion, particularly the construction of the second container terminal, financed by a $950 million, 20-year term loan from China Eximbank to the Ivorian government.
By contributing €50 million to the PAA facility, Afreximbank will have acted as both the mandated lead arranger and lessor. The other lenders are Banque Atlantique de Côte d'Ivoire, the local administrative agent, which contributed €100 million; Société Générale de Banque de Côte d'Ivoire, with a contribution of €50 million; and the Africa Finance Corporation, which contributed €50 million.
Awards were also presented to Banque Atlantique, Côte d'Ivoire; the African Finance Corporation; Cisscorp Holding LLC; Hogan Lovells (Paris) LLC; and the Société Générale de Banque de Côte d'Ivoire.
In addition to Ms. Awani, the Afreximbank delegation included Obi Emekekwue, Head of the External Communications Department; Mamdouh Salem of the Operations Department; and Ismail Kamara of the Credit Department. They were joined by Amadou Wadda, Vice President of the African Finance Corporation; Ibrahima Ciss, President of Cisscorp Holding LLC; and Philip Beswick of Hogan Lovells (Paris) LLC.
By contributing €50 million to the PAA facility, Afreximbank will have acted as both the mandated lead arranger and lessor. The other lenders are Banque Atlantique de Côte d'Ivoire, the local administrative agent, which contributed €100 million; Société Générale de Banque de Côte d'Ivoire, with a contribution of €50 million; and the Africa Finance Corporation, which contributed €50 million.
Awards were also presented to Banque Atlantique, Côte d'Ivoire; the African Finance Corporation; Cisscorp Holding LLC; Hogan Lovells (Paris) LLC; and the Société Générale de Banque de Côte d'Ivoire.
In addition to Ms. Awani, the Afreximbank delegation included Obi Emekekwue, Head of the External Communications Department; Mamdouh Salem of the Operations Department; and Ismail Kamara of the Credit Department. They were joined by Amadou Wadda, Vice President of the African Finance Corporation; Ibrahima Ciss, President of Cisscorp Holding LLC; and Philip Beswick of Hogan Lovells (Paris) LLC.
