EquityBCDC Leads $282 Million Syndication to Support DRC’s Oil Sector
EquityBCDC has announced the second drawdown of $282 million from its landmark syndication with FirstBank DRC SA, Ecobank RDC, and Standard Bank.
This initiative, in collaboration with the Congolese government, aims to finance the country’s oil debt and ensure stability in the distribution of petroleum products nationwide.
Of the total drawdown, EquityBCDC contributed $156 million, building on the success of the initial $123.5 million drawdown. The effective management of the first tranche has bolstered confidence in this second phase, which is designed to support oil companies and mitigate any potential shortages in fuel supply across the Democratic Republic of Congo.
This financing effort is part of the “Club Deal” project, a collaborative framework involving the Ministries of Finance, Economy, and Hydrocarbons. Speaking on the achievement, EquityBCDC’s Managing Director, Willy K. Mulamba, stated:
“The success of this second draw is the result of close collaboration between various financial institutions and reflects our collective commitment to advancing the economic development of our country, the Democratic Republic of Congo. We are confident this funding will help stabilize our market.”
This initiative underscores the strength of public-private partnerships and highlights EquityBCDC’s mission to drive socio-economic prosperity in Africa.
The bank plays a critical role in fostering economic growth by facilitating access to financial services for individuals and enterprises of all sizes.
EquityBCDC remains committed to transforming lives, promoting dignity, and creating opportunities for wealth generation across Africa.
