Oragroup S.A.

Equity : January 2011

BIO invested € 5 M in equity to Oragroup, which manages commercial banks in Western African countries.

Amount

€ 5,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion

Beneficiary locations

Sub-Saharan Africa: Benin, Côte d'Ivoire, Guinea

Investment field

Financial Institutions

Activity

Commercial bank

Organisation

Oragroup S.A.

Domicile

Togo

More investments in

Oragroup S.A.

  • Debt € 5,000,000.00 (2014)

Oragroup S.A. is a holding company managing Oragroup, located in Lomé and active in 12 Western 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.

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.

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.

  • Financial inclusion

    Deposit-taking institution; Mobilization of savings is clearly an important focus as the Group’s has grown substantially.

View more of our investments in this region

Fefisol II

Investment Companies & Funds

Fefisol II

  350,000.00

  Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda

  29/11/2022

  Subsidy

Phatisa Food Fund 2

Investment Companies & Funds

Phatisa Food Fund 2

  240,396.00

  Tanzania, Uganda, Zambia

  28/11/2022

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  19,789.00

  Côte d'Ivoire

  21/11/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  01/11/2022

  Equity

KCB Kenya

Financial Institutions

KCB Kenya

  42,512.20

  Kenya

  27/10/2022

  Subsidy

Njeru Industries

Enterprises

Njeru Industries

  14,654.50

  Kenya

  19/10/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  29/09/2022

  Equity

Poa! Internet

Enterprises

Poa! Internet

  17,264.00

  Kenya

  08/09/2022

  Subsidy

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

  32,366.50

  Uganda

  04/08/2022

  Subsidy