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Investment: Fidelis Finance opens its shareholding to Yeelen Financial

15/07/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The West African fund Yeelen Financial enters the capital of the Burkinabe credit institution Fidelis Finance.

The investment agreement was signed in Abidjan in Côte d'Ivoire on Tuesday, July 9, 2024, but officially published on Thursday, July 11, 2024, but officially published on Thursday, July 11, 2024.

Yeelen Financial Fund invested $8.2 million in Fidelis Finance to strengthen its social capital. In fact, Fidelis Finance obtained an equity and semi-equity investment of 7.6 million euros ($8.2 million) from the Yeelen Financial fund, dedicated to the West African financial sector. This agreement consists of a contribution of 4.3 million euros in the form of a convertible subordinated loan. It aims to strengthen the capital of the Burkinabe credit institution specializing in leasing transactions. The investment will also support the project to organically transform Fidelis Finance into a universal bank

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