ABC Holdings Limited
In December 2018, AATIF executed a USD 20m senior loan agreement with ABCH Holdings (“BancABC”), a financial institution holding company based in Botswana with subsidiaries operating out of Zimbabwe, Zambia, Mozambique, Botswana and Tanzania. In 2014 BancABC was acquired by Atlas Mara, a company listed on the London stock exchange with banking subsidiaries in seven countries including the BancABC banks. The AATIF facility will enable BancABC increase its exposure to transactions along the entire agricultural value chain. The new loan facility, secured by a guarantee from BancABC’ s parent Atlas Mara Limited (“ATMA”, is replacing the prior risk sharing agreement signed in December 2013.