BOA Group

Print

The BANK OF AFRICA Group (BOA Group) was founded in Mali in 1982 and is present today in 12 countries through a network of commercial banks and finance companies, all of which are entirely dedicated to the African continent. It provides individuals and companies with a whole range of tailored financial services.

In 2004, BIO became a shareholder of the BOA Group. Later, in 2009, BIO committed a loan to further support the Group in its development and more generally to support the emergence of a true pan African financial institution in SSA. BIO has also invested in 2 branches of the BOA Group, BOA-DRC and BOA Bank Tanzania.

The BOA Group has branches in a number of countries of which most are priority or focus countries for BIO. In addition, the presence of BIO, along with other DFIs, aims at creating a positive impact on the outside perception of BOA in the Sub-Saharan African market. Lastly the provision of long term financing will enable the Group to carry out its expansion plans.

Development impact:

  • Local economic growth: Bank of Africa has adopted a strategy of universal commercial bank serving all types of clients (retail, SME, corporate, state bodies ...), collecting deposits, granting loans and offering various services.  

Website: www.bank-of-africa.net

  • Investment amount (€):

    € 6.51 M

    Commercial Bank Headquarters: Mali

  • Contract signature :

    2010, 2011, 2012

  • Nature of intervention :

    Equity

  • Development impacts :

    • 1 — Local economic growth