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

https://groupacep.com/

Domicile

Madagascar

More investments in

ACEP Group

Subsidy € 12,500.00 (2021-2022)
Subsidy € 14,000.00 (2021-2022)
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,...