Kinshasa, July 14, 2020
Rawbank, a commercial bank in the Democratic Republic of Congo enters into a $20 million partnership with TDB, a leading African financial institution. After a first partnership for $10 million in 2018, TDB, one of the continent's largest multilateral development financial institutions with assets of more than $6 billion, renews its trust in Rawbank through a new $20 million agreement.
L’ensemble de cette nouvelle ligne de financement sera consacré au soutien des grandes entreprises et des PME congolaises affectées par les conséquences de la pandémie de Covid-19. L’inauguration de ce partenariat traduit l’engagement de la Banque aux côtés de sa clientèle en cette période difficile.
« Nous sommes ravis de la conclusion de ce partenariat, qui traduit la confiance accordée à Rawbank par ses partenaires internationaux. La TDB a doublé l’accord que nous avions conclu en 2018. Cette nouvelle ligne de financement permettra d’assister les entreprises congolaises qui se trouveraient en difficulté du fait de la Covid-19.
« Nous sommes satisfaits de solidifier notre partenariat avec la TDB, il nous permettra d’intensifier fortement nos relations avec les clients » a déclaré Mustafa Rawji, Directeur Général de Rawbank.
Thanks to the trust placed in it by international partners such as the International Finance Corporation (IFC), a subsidiary of the World Bank, the ADB, BADEA, and Shelter Afrique, Rawbank has become the leading partner for SMEs in the DRC. The bank has developed the Business Edge and Lady's First training programs in order to strengthen the capacities of entrepreneurs, facilitate their access to financing, and thus develop the local economic fabric.
"Rawbank is a strategic partner for us. Its positioning as the first bank in the DRC and its vast network will allow us to consolidate our position in the DRC and increase our support for the country's socio-economic development," concluded Daniel Lam Chun, Head of TDB's Franco-Lusophone Africa region.
