Le 20 septembre 2024, la Bridge Bank Group Côte d'Ivoire (BBG CI) has obtained 30 million euros in funding from the Board of Directors of the African Development Bank Group.

The financing granted to BBG CI will allow it to have the financial resources necessary to support the investment needs of companies and SMEs active in priority sectors of the Ivorian economy, in particular agro-industry and... ; increase its international trade financing activities in Côte d'Ivoire. It is divided into three parts, including a 10 million euro subordinated loan, intended to strengthen BBG CI's Tier 2 capital; a 10 million euro trade finance transaction guarantee to meet the import and export needs of Ivorian SMEs; and a 10 million euro portfolio guarantee for businesses run by women. According to Ahmed Attout, Director of the Financial Sector Development Department at the Bank, through this intervention by the AfDB, the BBG CI intends to facilitate access to finance for Ivorian SMEs

For his part, Joseph Ribeiro, Deputy Director General of the African Development Bank for West Africa, indicated that “the project will finance agri-food units that will allow, on the one hand, to create opportunities for local agricultural production and, on the other hand, to increase available processing capacities.”