Original disclosure @ IFC website
Updated in EWS Feb 1, 2023
Disclosed by Bank Nov 11, 2022
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According to the Bank’s website, the proposed project entails the provision of a 8-year Risk Sharing Facility (“RSF” or the “Facility”) in the amount of US$77 million to cover ten Bank of Africa (“BOA”) subsidiaries in IDA and FCS countries – namely Bank of Africa Benin, Bank of Africa Burkina Faso, Bank of Africa Cote d’Ivoire, Bank of Africa Ghana, Bank of Africa Madagascar, Bank of Africa Mali, Bank of Africa Niger, Bank of Africa Senegal, Bank of Africa Tanzania, and Bank of Africa Togo, together the Beneficiaries for a target portfolio of SME loans in the amount of up to US$154 million equivalent. Under this project, IFC will be supporting the expansion of this regional banking group’s SME lending across sub-Saharan Africa.
Laura TRAN DUC MINH
Head of Investments
Lot Mandarona, Lot n° 1, Immeuble Promoffice - 20270 Casablanca.Sidi Maarouf
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