The Caisse des Dépôts et de Consignations du Niger is expanding its investor capital with the African Development Bank (AfDB) group which approved, on December 16, 2021 in Abidjan, a grant of US $ 420,000 “to consolidate its strategy in terms of capital markets ”.
For the head of the AfDB’s Capital Markets Development Division, Ahmed Attout, “this financing is in line with one of the priorities of the Capital Markets Development Trust Fund, which is to broaden the base of institutional investors. “.
Originating from the Trust Fund for the Development of Capital Markets (Cmdtf) managed by the Bad, these funds will enable the fund to develop a strategy for mobilizing institutional savings and mortgage refinancing of social housing.
“I am delighted with the approval of the project to support our Fund by the Technical Committee of the Trust Fund, which will help strengthen the links between institutional savings and the real sector,” said the CEO of the Caisse des Dépôts. and consignment of Niger, Taibou Issoufou Ramato (photo), cited in an AfDB press release.
The Caisse des Dépôts et Consignations du Niger has mobilized $ 13.6 million since its creation in 2018 until 2020.
