📋 Tender Overview
Project Number
46002
Company Name
NSIA BANQUE BENIN SA
Date SPI Disclosed
Jul 19, 2025
Country
Benin
Region
Africa
Projected Board Date
Environmental Category
FI-3 - No Impact
Status
Pending Signing
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The proposed project (GTFP Project) consists of a trade finance facility of up to US$10 million for NSIA Banque Benin (or the Bank ) for a maximum tenor of 12 months, which will be processed under the IFC’s Global Trade Finance Program (GTFP). The proposed IFC trade line aims to support the Bank's strategic plan to expand its international trade operations, addressing the cash-driven nature of the sector and challenges from the de-risking of Correspondent or Confirming relationships.
Associated Advisory Engagement
A comprehensive MSME Banking and Risk Management initiative with the Bank, along with a gender finance project, is set to launch by June 2025. The gender finance project aims to advance financial inclusion for women and boost their economic participation across four countries.
