Oragroup has secured a USD 222 million loan from Africa Agriculture and Trade Investment Fund (AATIF) with the aim to fund private companies operating in the agricultural campaigns in its countries of operation. Countries of operations include Ivory Coast, Mali, Niger, Burkina Faso, Guinea Bissau, and Senegal.
The Oragroup is an Abidjan Stock Exchange-listed banking group which aims to foster financial inclusion by deploying innovative solutions.
AATIF is an investment company that facilitates agricultural financing in Africa, with virile support from the German government and the German Development Bank.
The latest financial operation is part of AATIF’s commitment towards the financing of the continent’s real economy. The initiative is also in support of sectors that have an impact on the development of African economies.
On its part, ORAGROUP is also willing to provide expertise on civil and social responsibility issues. This effort is in order to ensure the ethical and virtuous use of financing in compliance with the group’s established control and risk assessment procedures.
The CEO of Oraragroup said,“This financing confirms our commitment to the private sector and agriculture, which are two essential levers for the development of our economies, creating wealth and jobs.”
Dr. Thomas Duve, Chariman of the Board of Directors of AATIF said,“We are very pleased with this partnership with Oragroup, which is being extended through this loan because we are convinced that the development of the agricultural sector requires better access to financing for private operators.
So far, the ORARAGROUP has presence in 12 African countries, majority which are in West Africa.
