MAURITANIA - Trade Finance Facility to Support SMES (AFDB-P-MR-HAB-009)

  • Mauritania
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 16, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Banque pour le Commerce et l'Industrie
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 10
Converted using 2021-10-03 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Oct 4, 2021

Disclosed by Bank Oct 3, 2021

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Project Description

According to bank provided information, the project aims to provide an EUR 10 million Trade Finance Line of Credit (TFLOC) to Banque pour le Commerce et l'Industrie (BCI). The loan will help BCI expand its trade finance activities in Mauritania. The proposed facility is expected to deliver good development outcomes, mainly in: (i) private sector development through better access to trade finance resources for local SMEs and businesses; (ii) Regional integration and economic resilience thanks to the support of a local bank that operates in 3 countries of the sub-region and thus participate in strengthening economic resilience and supporting intra-African trade; and (iii) Gender and social effects through support for the population and the employment of women in the target sectors of activity of the facility. The facility will also contribute to inclusive growth given its support to SMEs operating in key sectors of the country's economy and therefore its contribution to economic diversification.

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

Established in 1999, BCI is one of the leading trade finance bank in Mauritania. BCI has subsidiaries in Mali, Guinea and Senegal and aims to consolidate its role as an active trade finance banking group in the sub-region. 

Contact Information

*Contact information not provided at the time of disclosure*


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