Oragroup S.A.

Debt : May 2014

BIO granted a €5 million loan to Oragroup, dedicated to the banks in Benin and Togo.

Amount

€ 5,000,000.00

Type of investment

Debt

Development impacts

  • Local economic growth

Beneficiary locations

Sub-Saharan Africa: Benin, Côte d'Ivoire

Investment field

Financial Institutions

Activity

Commercial Bank

Organisation

Oragroup S.A.

Domicile

Togo

More investments in

Oragroup S.A.

  • Equity € 5,000,000.00 (2011)

Oragroup S.A. is a holding company managing Oragroup, located in Lomé and active in 12 Western and African countries. The project consists of creating a regional banking platform across francophone West Africa, thereby reinforcing financial inclusion and SME financing. Through this project, BIO contributes to the creation of a unique regional group supporting local SME's in their regionalization and other customers in underserved countries.

The Group opened the first private bank in Benin in 1988, followed by the acquisition of 4 additional financial institutions in Chad, Gabon, Guinea and Togo. A microfinance activity was also developed as well through the creation of 3 MFIs under the name Finadev. The Finadev entities were created as subsidiaries of the subsidiaries in Bénin, Guinea and Togo (under the name Finadev).

Since the group was taken over by ECP, there has been a significant change in Oragroup’s shareholding structure, with Development institutions, BOAD and the Gabonese Strategic Investment Fund becoming leading shareholders. The Group made a strategic shift from a pure corporate banking (and big SMEs) platform to a universal banking model serving all types of clients with a focus on SMEs.

This fits perfectly with the new phase of growth based on a consolidation of the existing subsidiaries and the acquisition and recapitalization of two significant banking networks:

  • Banque Togolaise de Développement (BTD): Oragroup acquired the 3rd bank in the country with activities complementary to Orabank Togo. BTD was positioned on the retail size while Orabank Togo is focused on SMEs.
  • Banque Régionale de Solidarité (BRS): The BRS is a public banking group under privatization, present in all eight WAEMU countries.

Development impacts

  • Local economic growth

    Oragroup is a universal commercial banking Group active in 12 countries of Western and Central Africa. BIO's investment supports the deepening of the banking sector in the region through the support of a professional banking group serving all type of clients with a clear focus on SMEs. Microfinance has also become an important activity with the takeover of the BRS.

    The Group grew its deposit base by 2.5 times since 2009. In addition, the presence of BIO as a shareholder has a positive effect on the raising of equity and Tier2 from local private investors and from other international organizations like IFC.

View more of our investments in this region

Africinvest Fund II LLC.

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Africinvest Fund II LLC.

  6,000,000.00

  Cameroon, Côte d'Ivoire, Ghana, Nigeria

  28/08/2008

  Equity

Oragroup S.A.

Financial Institutions

Oragroup S.A.

  5,000,000.00

  Benin, Côte d'Ivoire, Guinea

  07/01/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  6,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  10,000,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Debt

Bank of Africa Group S.A.

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

Orabank Côte d'Ivoire

Financial Institutions

Orabank Côte d'Ivoire

  10,000,000.00

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

  09/02/2016

  Debt

AgRIF Coöperatief U.A.

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

AgRIF Coöperatief U.A.

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

Enko Education

Enterprises

Enko Education

  850,000.00

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

  17/12/2020

  Debt

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  100,000.00

  Côte d'Ivoire, Ghana, Madagascar

  05/05/2020

  Subsidy

Fairtrade Access Fund

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

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  122,950.00

  Côte d'Ivoire

  18/07/2019

  Subsidy

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  3,000,000.00

  Côte d'Ivoire

  15/05/2017

  Debt

AfricInvest Financial Inclusion Vehicle

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

Fairtrade Access Fund

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

Beyond the Grid Solar Fund

Investment Companies & Funds

Beyond the Grid Solar Fund

  4,175,007.50

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda

  26/10/2017

  Debt

Azito Energie

Infrastructure

Azito Energie

  15,000,000.00

  Côte d'Ivoire

  19/07/2019

  Debt

Adenia Capital IV LP

Investment Companies & Funds

Adenia Capital IV LP

  9,000,000.00

  Côte d'Ivoire, Ghana, Madagascar

  01/11/2016

  Equity

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  4,200.00

  Côte d'Ivoire

  28/01/2019

  Subsidy

Azito Energie

Infrastructure

Azito Energie

  17,760,600.00

  Côte d'Ivoire

  18/10/2012

  Debt

Enko Education

Enterprises

Enko Education

  2,000,000.00

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

  20/09/2018

  Debt

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  5,000,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/02/2012

  Equity

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  100,000.00

  Côte d'Ivoire, Ghana, Madagascar

  19/05/2016

  Subsidy

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  150,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/09/2012

  Subsidy

Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L

Enterprises

CDPA

  3,000,000.00

  Benin

  22/03/2013

  Debt

Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L

Enterprises

CDPA

  69,190.00

  Benin

  24/07/2014

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Cofina Ivory Coast

  3,000,000.00

  Côte d'Ivoire

  15/03/2019

  Debt

Compagnie Africaine de Crédit

Financial Institutions

Cofina Ivory Coast

  3,000,000.00

  Côte d'Ivoire

  15/03/2019

  Debt