AFRICA FINANCIAL SUMMIT 2025 : Ecobank and Proparco seal a €10 million partnership to strengthen Chad’s economy
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Exchange of Folders Between Jeremy Awori, CEO of Ecobank, and Djalal Khimdjee, Deputy CEO of Proparco
(LVDE) – This partnership, aimed at facilitating the import of essential raw materials for the country’s economic development and food security, was signed on November 4, 2025, during the Africa Financial Summit (AFIS) held in Casablanca, Morocco.
At the heart of the Africa Financial Summit (AFIS), held on November 3–4, 2025, in Casablanca, Ecobank and Proparco formalized a strategic partnership through the signing of a €10 million Trade Finance guarantee package to support Ecobank Chad. This agreement seeks to improve the supply of critical raw materials needed to generate added value in the country, thereby contributing to its economic growth.
During the first nine months of 2025, Ecobank reported a net banking income of €1.752 billion, an 18% increase compared to the previous year. The partnership is part of the Food & Agriculture Resilience Mission (FARM) initiative launched in 2022 by France, the European Union, the G7, and the African Union. Its goal is to enhance food security in the most vulnerable countries, including Chad.
Jeremy Awori, Chief Executive Officer of Ecobank, emphasized that this partnership with Proparco reflects their shared commitment to strengthening Chad’s economic resilience. “By facilitating access to essential raw materials, we are supporting local industrialization and value creation across the continent,” he stated. He also pledged to continue supporting Ecobank’s clients by facilitating trade and improving risk management to foster sustainable growth.
Djalal Khimdjee, Deputy CEO of Proparco, added that this new partnership will greatly benefit local businesses by enabling them to import raw materials and integrate more effectively into global value chains. Since 2018, the total volume of Trade Finance guarantee packages granted to the Ecobank Group has reached €125 million, demonstrating both parties’ continued commitment to economic development in Africa.
Financially, Ecobank remains in strong condition despite a 38% increase in the cost of risk, which rose to €255 million. However, operating income grew by 33% to €656 million, while net income increased by 34%, reaching €460.6 million. Jeremy Awori explained that these results highlight the success of Ecobank’s growth and transformation strategy, reinforced by an improving economic environment.
In parallel, Ecobank also announced a collaboration with Thunes, a payment solutions provider, to enable instant cross-border transfers across sub-Saharan Africa. This partnership aims to integrate banking and fintech infrastructures, making money transfers faster and improving liquidity access. The service, which will gradually roll out across the 32 countries where Ecobank operates, is expected to revolutionize financial transactions in Africa by offering quicker settlements and broader accessibility.
Togo is the first country to benefit from this service under the partnership, with others to follow based on local regulations. This initiative aims to connect Ecobank customers to Thunes’ global network spanning over 130 countries, linking billions of mobile wallets and bank accounts worldwide.
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