News: How a CDC and Standard Chartered loan helped a business through Ebola

News from CDC
02 February 2017

The Ebola outbreak had a devastating impact on Sierra Leone’s people and its economy – during the crisis it contracted by an estimated 22 per cent.

In 2014, in response to the Ebola Crisis in Sierra Leone, we worked with Standard Chartered Bank to increase lending to local businesses and help with the country’s economic recovery. Benco Trading, a company based in the capital Freetown which imports and distributes construction materials was one of the companies to receive a loan.

In this video Benco’s CEO, Jiad Swaid, explains how the loan supported them through the crisis and why businesses in Sierra Leone are looking forward to a brighter future.

You can find more of Jiad's story in our Annual Review.

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Rhyddid Carter: +44 (0)20 7963 4741 / +44(0) 7824 552 326

rcarter@cdcgroup.com

About CDC

CDC is the UK government-owned development finance institution. CDC’s mission is to support the building of businesses throughout Africa and South Asia, to create jobs and making a lasting difference to people’s lives in some of the world’s poorest places.

We provide investment capital in all its forms, including equity, debt, mezzanine and guarantees, and this capital is typically used to fund growth. This capital is provided directly and through fund managers that are aligned with our aims.

CDC uses its own balance sheet to invest and has net assets of £3.4bn.

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