Oragroup announces a € 20 million loan from AFRICA AGRICULTURE AND TRADE INVESTMENT FUND (AATIF), an investment company specializing in agricultural finance in Africa, whose main investors are the German government and German Development Bank KfW.
The funds received by Oragroup will be used to finance private companies involved in agricultural campaigns in the countries where Orabank Côte d’Ivoire is present (Côte d’Ivoire, Burkina Faso, Guinea Bissau, Mali, Niger and Senegal).
It should be noted that this financing comes on the heels of the announcement of a 2-year commercial paper issue with a remuneration of 6.1% per annum, co-arranged by the Management and Investment Companies. intermediary, Cgf Bourse and Sgi Togo, and 100% covered by Agf West Africa. The 35 billion CFA francs operation will be launched on the regional market of the West African Economic and Monetary Union (WAEMU), subject to the approval requested from the Central Bank of African States of Africa. West (BCEAO).
Oragroup was listed on the stock market last April for 20% of capital, ie a raise on the regional financial market of 56.92 billion CFA francs (86 million euros) and the largest transaction ever carried out at the BRVM.
In the space of one semester, Oragroup has potentially mobilized more than 100 billion CFA francs through the IPO, the Treasury Notes and loans.
