Finadev Group
Acquisition in 2010
Finadev Group is a microfinance investment vehicle established in 2010, focusing on the acquisition of microfinance institutions in Benin, Chad, and Guinea. The company specializes in providing financial services, particularly loans, to small and medium enterprises, with a primary emphasis on the informal sector. By offering these financing products, Finadev Group aims to enhance financial inclusion for disadvantaged clients, thereby supporting economic growth and development in the regions it operates.
Oragroup
Private Equity Round in 2008
Oragroup SA is a banking institution that provides a range of personal and business banking services across West and Central Africa. Established in 1988 and headquartered in Lomé, Togo, the company operates under the brand Orabank and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo. Oragroup's offerings encompass various financial products, such as savings accounts, term deposits, operating and investment loans, employee loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, the bank provides payment services and bancassurance products, catering to both individual and corporate clients.
Bank of Africa
Acquisition in 2007
Bank of Africa is a banking institution based in Casablanca, Morocco, established in 1982, initially in Mali. It has grown into a prominent financial group with a presence in 17 countries across Africa and one in France. The network includes eight banks in West Africa—specifically in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Senegal, and Togo—and seven banks in East Africa and the Indian Ocean, located in Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania, and Uganda, along with a bank in the Democratic Republic of the Congo. The Bank offers a variety of financial services, including savings and current accounts, loans, insurance, and foreign exchange services through its branches and subsidiaries. Since 2010, the majority ownership of Bank of Africa has been held by BMCE Bank, Morocco's second largest private bank, which provides strategic support and facilitates access to international markets.