Paris, July 18, 2018 – The African Solidarity Fund (FSA) and Bpifrance sign a Partnership Agreement to promote the development of FSA activities for the private sector and the commercial public sector in the 14 African member countries that are Benin , Burkina Faso, Burundi, Central African Republic, Côte d’Ivoire, Gabon, Guinea Bissau, Mali, Mauritius, Niger, Rwanda, Senegal, Chad and Togo.
This partnership agreement, signed by Mr. Ahmadou Abdoulaye DIALLO, Director General of FSA and Pascal LAGARDE, Executive Director in charge of International, Strategy, Studies and Development of Bpifrance, aims to develop collaboration between the two institutions .
It provides for the transfer of expertise and expertise to the FSA to enable this pan-African institution to increase its interventions in favor of productive investment projects in its member states.
Bpifrance’s experience in business loans, guarantee fund management, development of innovation strategies and private equity development enables it to offer a wide range of technical assistance services to businesses. international institutions to be mobilized under this agreement.
About Bpifrance
Bpifrance’s equity investments are made by Bpifrance Investissement. Bpifrance finances companies – at every stage of their development – in credit, guarantee and equity. Bpifrance accompanies them in their innovation projects and internationally. Bpifrance also ensures, now their export activity through a wide range of products. Consulting, university, networking and acceleration program for startups, SMEs and midcaps are also part of the offer to entrepreneurs.
Thanks to Bpifrance and its 48 regional locations, entrepreneurs benefit from a close, unique and effective interlocutor to help them face their challenges.
About the African Solidarity Fund
The African Solidarity Fund (FSA) is a multilateral, pan-African financial institution headquartered in Niamey in the Republic of Niger, with a field of operations for all 14 Member States in West Africa (Zone UEMOA), in Central Africa (CEMAC zone) and in East Africa and Indian Ocean (Mauritius, Rwanda and Burundi).
FSA products and services play a major role in the financing chain of African economies. They allow, through the granting of the guarantee of bank loans and bond issues, to ensure access to corporate financing, a vector of development.
The FSA’s interventions are intended for financing granted throughout the entire life cycle of the company: business creation; renewal and strengthening of operating capacities; modernization and extension; transfer of ownership ; restructuring and privatization. In sectoral terms, all economic sectors are eligible, without restriction.
