Bank of Africa Group S.A.
BIO has invested € 2 M in equity in Bank of Africa Group, a holding company of commercial banks in Sub-Saharan Africa.
Amount
€ 1,954,160.00
Type of investment
Equity
Development impacts
- Local economic growth
Beneficiary locations
Investment field
Financial Institutions
Activity
Commercial Bank
BOA is a universal commercial bank serving different clientele types ranging from individuals to small and large companies. It offers a broad set of financial products, either under the form of loans, deposits or other value added services. Its network is composed of 15 banks in 14 Sub Saharan African countries. Since 2008, the bank benefits from the financial and operational support of BMCE Group, a leading Moroccan listed financial group.
Thanks to its broad geographical footprint, the bank benefits from a significant size and a good level of diversification compared to its African peers. All the banks are operating under the Bank of Africa brand name (except in Burundi). The banks have a good level of autonomy, allowing to adapt to the local context while benefiting from the financial, commercial and operational synergies of a group.
The SME segment remains a key component of the Group’ positioning, representing a significant portion of loan portfolio in most of group’s subsidiaries.
Development impacts
-
Local economic growth
Credit support to MSMEs: Bank of Africa has adopted a strategy of universal commercial bank serving all types of clients (retail, SME, corporate, state bodies ,etc.), collecting deposits, granting loans and offering various services. The SME segment a significant part of loan portfolios in most of the group’s subsidiaries.
Mobilization of local savings: Client deposits the wide majority of external funding.
View more of our investments in this region
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Ascent Rift Valley Fund II
323,539.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
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Subsidy
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Fefisol II
3,000,000.00
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
17/05/2022
Equity
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Uhuru Growth Fund I-A SCP
7,063,392.00
Burkina Faso, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal
31/03/2022
Equity
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Uhuru Growth Fund I-A SCP
2,500,000.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal
31/03/2022
Equity
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AfricInvest Financial Inclusion Vehicle
10,000,000.00
20/04/2022
Equity
Infrastructure
Spark + Africa Fund
2,444,790.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda
10/03/2022
Equity
Financial Institutions
Alterfin
80,000.00
Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya
03/03/2022
Subsidy
Enterprises
Plantations et Huileries du Congo
46,918.00
Democratic Republic of Congo
18/03/2021
Subsidy
Investment Companies & Funds
Lendable MSME Fintech Credit Fund
2,994,950.00
India, Indonesia, Vietnam, Kenya, Nigeria, South Africa
20/08/2021
Equity
Investment Companies & Funds
Fonds Cauris Croissance II
5,000,000.00
Benin, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Senegal
05/10/2010
Equity
Investment Companies & Funds
Cathay Africinvest Innovation Fund
4,000,000.00
Egypt, Kenya, Nigeria, South Africa
21/05/2021
Equity
Investment Companies & Funds
Cathay Africinvest Innovation Fund
6,000,000.00
Egypt, Kenya, Nigeria, South Africa
21/05/2021
Equity
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
15,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
22/12/2020
Debt
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
Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal
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
Investment Companies & Funds
Interact Climate Change Facility
6,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Equity
Investment Companies & Funds
Interact Climate Change Facility
10,000,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Debt
Investment Companies & Funds
Agri-Vie Fund II
350,000.00
Kenya, South Africa, Tanzania, Uganda, Zambia
23/11/2020
Subsidy
Investment Companies & Funds
Phatisa Food Fund 2
5,767,300.00
Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia
29/01/2021
Equity
Financial Institutions
Orabank Côte d'Ivoire
10,000,000.00
Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal
09/02/2016
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
Grofin East Africa Fund LLC.
2,211,000.00
Kenya, Rwanda, Tanzania, Uganda
25/01/2006
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
Investment Companies & Funds
Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/11/2020
Subsidy
Investment Companies & Funds
Ascent Rift Valley Fund II
2,300,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
17/12/2020
Equity
Investment Companies & Funds
Ascent Rift Valley Fund II
5,743,220.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/12/2020
Equity
Financial Institutions
ACEP Group
30,900.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
30/07/2018
Subsidy
Investment Companies & Funds
AfricInvest Financial Sector Limited LLC
5,000,000.00
Burkina Faso, Kenya, Madagascar, Mali, Mozambique, Nigeria, Rwanda, Uganda, Zambia
20/12/2013
Equity
Investment Companies & Funds
African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
05/05/2020
Subsidy
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
Off-Grid Solar and Financial Access Senior Debt Fund
4,385,750.00
11/10/2018
Debt
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Enterprises
Centre médical de la Communauté
2,719,298.00
Democratic Republic of Congo
09/05/2016
Debt
Financial Institutions
Bank of Africa RDC
1,466,000.00
Democratic Republic of Congo
29/01/2010
Equity
Investment Companies & Funds
Zoscales Fund I
21,757.30
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
12/11/2019
Subsidy
Investment Companies & Funds
Frontier Energy II
8,151,000.00
Kenya, Rwanda, Tanzania, Uganda
21/03/2018
Equity
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia
14/12/2017
Equity
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
24/10/2019
Equity
Financial Institutions
ACEP Group
4,100,000.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
14/10/2019
Equity
Investment Companies & Funds
Verod Capital Growth Fund III
8,733,600.00
Ghana, Nigeria
25/07/2019
Equity
Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
02/02/2016
Equity
Enterprises
Plantations et Huileries du Congo
9,741,280.77
Democratic Republic of Congo
21/12/2015
Debt
Investment Companies & Funds
FPM - Fonds pour l'inclusion financière en DRC
5,800,888.00
Democratic Republic of Congo
26/06/2014
Equity
Investment Companies & Funds
FPM - Fonds pour l'inclusion financière en DRC
242,280.00
Democratic Republic of Congo
23/04/2018
Subsidy
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
3,185,582.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
20/01/2017
Equity
Investment Companies & Funds
Adenia Capital IV
9,000,000.00
Côte d'Ivoire, Ghana, Kenya, Madagascar
01/11/2016
Equity
Financial Institutions
ACEP group
67,512.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
23/07/2019
Subsidy
Investment Companies & Funds
Ethos Mezzanine Partners 3
8,868,980.00
Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia
13/06/2019
Equity
Investment Companies & Funds
Africa Sustainable Forestry Fund II
4,366,800.00
South Africa, Tanzania, Uganda
26/04/2018
Equity
Enterprises
Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Adenia Capital III
5,000,000.00
Côte d'Ivoire, Ghana, Madagascar
28/02/2012
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
19/05/2016
Subsidy
Investment Companies & Funds
Adenia Capital III
150,000.00
Côte d'Ivoire, Ghana, Madagascar
28/09/2012
Subsidy
Investment Companies & Funds
Maghreb Private Equity Fund III
6,000,000.00
Algeria, Morocco, Tunisia
05/09/2011
Equity
Investment Companies & Funds
Maghreb Private Equity Fund III
2,000,000.00
Algeria, Morocco, Tunisia
16/09/2014
Equity
Investment Companies & Funds
Zoscales Fund I
4,169,100.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
18/04/2019
Equity
