{"id":459313,"date":"2018-04-12T16:17:34","date_gmt":"2018-04-12T15:17:34","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=459313"},"modified":"2018-04-12T16:17:34","modified_gmt":"2018-04-12T15:17:34","slug":"ifc-provides-60-million-to-bmce-bank-of-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/04\/12\/ifc-provides-60-million-to-bmce-bank-of-africa\/","title":{"rendered":"IFC Provides $ 60 Million to BMCE Bank of Africa"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Board of Directors of the International Finance Corporation (IFC), a subsidiary of the World Bank, has approved the granting to BMCE Bank of Africa (BOA) of a risk-sharing facility (RPF) of a total amount of $ 60 million. A loan to support SME financing.<\/p>\n<p>This will include SMEs from ten African countries in the fortnight where the bank is present (Burkina Faso, C\u00f4te d&#8217;Ivoire, DR Congo, Ghana, Madagascar, Mali, Niger, Senegal, Tanzania and Togo). In concrete terms, it is hundreds of SMEs from these target countries and customers of the BOA group that will have to benefit, over a five-year horizon, from $ 120 million in various credits.<\/p>\n<p>The loan comes 10 years after a first disbursement by the IFC, which had granted 70 million euros to the pan-African bank in the form of subordinated debt.<\/p>\n<p>In 2017, BOA Group posted a net income group share of 76 million euros, which represents a little over 40% of the consolidated profit share of the BMCE Bank of Africa group at the end of the past financial year.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of the International Finance Corporation (IFC), a subsidiary of the World Bank, has approved the granting to BMCE Bank of Africa (BOA) of a risk-sharing facility (RPF) of a total amount of $ 60 million. A loan to support SME financing. This will include SMEs from ten African countries in the<\/p>\n","protected":false},"author":527297,"featured_media":459317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12322,14173,534],"class_list":{"0":"post-459313","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-africa-en","9":"tag-bmce-bank-en","10":"tag-ifc","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IFC Provides $ 60 Million to BMCE Bank of Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/04\/12\/ifc-provides-60-million-to-bmce-bank-of-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC Provides $ 60 Million to BMCE Bank of Africa\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. 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