ICD-PS
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization that operates under the Islamic Development Bank (IDB) Group. With an authorized capital of $2.0 billion, it aims to support economic development in its member countries by financing private sector projects that adhere to Shari’a law. ICD focuses on initiatives that create employment opportunities and enhance export capabilities. In addition to providing direct financing, ICD also mobilizes further resources for projects and promotes the growth of Islamic financing and capital markets, thereby fostering a sustainable economic environment in its member states.
Past deals in Mauritania
Oragroup
Venture Round in 2018
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.
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