ACEP Group

Subsidy : July 2019 - February 2020

BIO has granted € 67,512 of Technical Assistance to ACEP Group, a network of MFIs that is present in five African countries.

Amount

€ 67,512.00

Type of investment

Subsidy

Beneficiary locations

Sub-Saharan Africa: Burkina Faso, Cameroon, Madagascar, Niger, Senegal

Investment field

Financial Institutions

Activity

Microfinance institution

Organisation

ACEP Group

Website

http://www.ietp.com/en/content/acep-africa-group-largest-african-microfinance-network-under-development

Domicile

Madagascar

More investments in

ACEP Group

Subsidy € 30,900.00 (2018-2019)
Equity € 4,100,000.00 (2019)

The ACEP network (Agency for Private Enterprise Credit) was initiated in 1989 in Senegal, and has successfully developed to Madagascar, Cameroon, Burkina Faso and Niger.

The main goal of the technical assistance project is to help with the digital transformation of the ACEP Institutions.

Objectives:

capacity building in digital finance
development of a medium-term digital strategy
definition of a digital deployment plan

Expected impact:

Better knowledge & skills in digital finance for key personnel
Clarification & definition of the digital finance strategy and action/implementation plan (agency banking, product strategy, technological solutions,...

View more of our investments in this region

Investment Companies & Funds

European Financing Partners S.A.

15,000,000.00

India, Kenya, Nigeria, Senegal, Tanzania, Zambia

22/12/2020

Debt

Enterprises

Agroserv Industrie SA

10,256.00

Burkina Faso

09/02/2021

Subsidy

Financial Institutions

The Currency Exchange Fund n.v.

7,091,000.00

Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

05/09/2007

Equity

Investment Companies & Funds

Africinvest Fund II LLC.

6,000,000.00

Cameroon, Côte d'Ivoire, Ghana, Nigeria

28/08/2008

Equity

Investment Companies & Funds

European Financing Partners S.A.

5,000,000.00

India, Kenya, Nigeria, Senegal, Tanzania, Zambia

08/12/2010

Debt

Financial Institutions

Bank of Africa Group S.A.

1,954,160.00

Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda

30/03/2011

Equity

Enterprises

Société de Distribution de Matériel Avicole

3,000,000.00

Senegal

03/04/2013

Debt

Enterprises

Société de Cultures Légumières S.A.

4,000,000.00

Senegal

31/10/2013

Debt

Financial Institutions

Orabank Côte d'Ivoire

10,000,000.00

Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal

09/02/2016

Debt

Enterprises

Société de Cultures Légumières S.A.

2,600,000.00

Senegal

02/11/2016

Debt

Investment Companies & Funds

European Financing Partners S.A.

6,000.00

India, Kenya, Nigeria, Senegal, Tanzania, Zambia

21/11/2003

Equity

Investment Companies & Funds

AgRIF Coöperatief U.A.

105,000.00

Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

11/09/2018

Subsidy

Investment Companies & Funds

AgRIF Coöperatief U.A.

5,438,332.50

Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

18/06/2015

Equity

Enterprises

Enko Education

850,000.00

Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

17/12/2020

Debt

Enterprises

JTF Madagascar

17,463.50

Madagascar

09/10/2020

Subsidy

Enterprises