SAHEL MSME NFS (IFC-606770)

Countries
  • Chad
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
The Chamber of Commerce, Industry and Agriculture of Mauritania (CCIAM); Vista Bank Burkina Faso
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 19, 2025

Disclosed by Bank Mar 5, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, this is an advisory services project aimed at supporting and advising FI’s and strategic partners in the Sahel region on delivery of relevant NFS to MSMEs. It will leverage IFCs existing NFS and skills development solutions to meet the needs of FI’s and their MSMEs customers. The project will comprise two activities that will enable FI’s and strategic partners to offer NFS to immediately support MSMEs in the Sahel region and will comprise components that will create awareness for the benefits of NFS among FIs and strategic partners, and disseminate knowledge on best practices: These include Partner identification and awareness creation on the benefits of NFS in each of the targeted countries and delivery of workshops on business management with a focus on financial management and digitization. All this is aimed at building the skills of MSMEs to help them become bankable, and supporting the FI's to serve their MSME clients better and improve their chances of accessing finance.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Estimated Total Budget Pending

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Vista Bank Burkina Faso, formerly BICIAB (Banque Internationale pour le Commerce l’Industrie et l’Agriculture du Burkina), was established in 1973 as a subsidiary of BNP Paribas. BICIAB was rebranded as Vista Burkina Faso in 2021 following the sale of BNP Paribas’ majority interests to Vista Group Holding SA. The Bank offers a wide range of financial services and products through 15 branches spread across the country and serves over 41,000 clients.

Vista BF’s largest shareholders are Vista Group Holding SA (51%) and Ministry of Finance of Burkina Faso (22%).   

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Vista Bank Burkina Faso Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works