Rawbank, first DR Congo bank to launch mining company securitisation

Rawbank, first DR Congo bank to launch mining company securitisation

The Sino-Congolese bank piloted the issuance of $10 million of negotiable debt to a mining group operating in Katanga.

Someone shares this article with you
            ▪ Rawbank, first DR Congo bank to launch mining company securitisation

▪ The Sino-Congolese bank piloted the issuance of $10 million of negotiable debt to a mining group operating in Katanga.

https://www.africabusinessplus.com/en/813910/rawbank-first-dr-congo-bank-to-launch-mining-company-securitisation/

This issue of negotiable receivables on the financial market is a first in the banking sector for DR Congo. The initiative, based on the principle of securitisation of private receivables, was driven by an industrial client of Rawbank.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Bank

11/01/2024 at 16h41, by Africa Business+, updated 12/01/2024

Rawbank CEO Mustafa Rawji: “In carbon credit projects, we have identified potential financing of $150m to $200m.”

The CEO of DR Congo-based Rawbank spoke to Africa Business+ about its plans to monetise carbon credits.

Renewable energies

04/12/2023 at 14h54, by Africa Business+

Rawbank and Vitol target DRC renewable energy and biodiversity projects with $20m investment

The bank and the trader have confirmed their partnership to reduce CO2 emissions at COP28 in Dubai.

Bank

06/01/2023 at 15h54, by Africa Business+

NMB secures €100 million investment in Tanzania’s blue economy

Partially taken over by Arise in 2021, the Tanzanian bank made a significant strike with this line of...

Commercial banking

03/01/2023 at 17h00, by Africa Business+

Bank of Alexandria secures European Investment Bank backing

This is the second advance from the development institution in five years. 

Bank

17/10/2022 at 13h49, by Africa Business+

Mustafa Rawji’s team at Rawbank

General manager since 2020 of the first Sino-Congolese bank founded by the Rawji family, Mustafa Rawji...

Bank

02/07/2021 at 14h29, by Africa Business+

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.