{"id":463950,"date":"2018-12-04T10:44:52","date_gmt":"2018-12-04T10:44:52","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=463950"},"modified":"2018-12-04T10:44:52","modified_gmt":"2018-12-04T10:44:52","slug":"mtn-benin-gets-free-support-from-local-banks","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/12\/04\/mtn-benin-gets-free-support-from-local-banks\/","title":{"rendered":"MTN Benin gets free support from local banks"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>MTN Benin has signed a CFAF 75 billion loan from a consortium of banks including Societe Generale Benin through its structured finance platform, Structured Finance Group (&#8220;SFG&#8221;).<\/p>\n<p>The pool of banks participating in the loan includes Bank Of Africa Benin &#8211; Diamond Bank SA &#8211; Orabank Benin (Obbe) &#8211; Ecobank Benin &#8211; African Bank for Industry and Commerce (Baic) &#8211; Banque Populaire for Savings and Credit (Bpec) &#8211; Bsic Benin Sa.<\/p>\n<p>The CEO of the company, Stephen Blewett, welcomes these competitions spread over a maturity of 7 years. &#8220;This is the largest loan ever granted in the telecom sector in Benin,&#8221; he said. The amount will be invested in improving the quality of the services for the good of the customers. .<\/p>\n<p>The loan facility of 75 billion CFA francs has a repayment term of seven years. MTN Benin plans to invest part of this sum in improving the quality of its services and products.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>MTN Benin has signed a CFAF 75 billion loan from a consortium of banks including Societe Generale Benin through its structured finance platform, Structured Finance Group (&#8220;SFG&#8221;). The pool of banks participating in the loan includes Bank Of Africa Benin &#8211; Diamond Bank SA &#8211; Orabank Benin (Obbe) &#8211; Ecobank Benin &#8211; African Bank for<\/p>\n","protected":false},"author":527180,"featured_media":463958,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12036,12012],"tags":[15682],"class_list":["post-463950","post","type-post","status-publish","format-aside","has-post-thumbnail","category-feature","category-sectors","category-telecoms-en","tag-mtn-benin","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MTN Benin gets free support from local banks - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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