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Start-up: BOAD grants a loan of 145.1 billion FCFA to private companies in 2022

17/08/2023
Source : ORISHAS FINANCE
Categories: Companies

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La Banque Ouest Africaine de Développement (BOAD

) granted loans in the amount of 145.1 billion FCFA to private companies for the year 2022.

Le rapport annuel 2022 de la BOAD indique que les nouveaux financements accordés par la Boad bring the cumulative net commitments to FCFA 7,227.3 billion as of December 31, 2022. According to the report, loans worth 145.1 billion FCFA were granted to private companies to support the agricultural campaign (cocoa, groundnuts, etc.), the installation of processing units (cotton, brewery, etc.) and support SMEs in the Union. The annual report mentions that “this financing will promote the implementation of major development projects aimed in particular at improving food security, strengthening transport infrastructure and digitalization, providing electrical energy from renewable resources (solar in particular) and providing basic social services (education, health, drinking water, etc.). ”.

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