Genesis Holding Company announces its entry into the capital by FBNBank Senegal, thus becoming the first investor from the UMOA zone to integrate the shareholding structure of the banking institution. The operation marks a strategic step in strengthening the regional roots of the sector Senegalese financier.

In an information note, the holding company points out that this Taking a stake means “confidence in the fundamentals of the Senegalese economy” as well as a desire to contribute sustainably to consolidation of the banking system, considered to be a key driver of regional economic development.

Through this investment, Genesis Holding Company intends support FBNBank Senegal in the expansion of its activities, the deployment of financial innovation solutions and the strengthening of its role in financing businesses and economic actors in West Africa.

This operation illustrates the rise in power of regional investors in the capital of financial institutions, in a context of dynamization of markets and increased integration of economies of the West African Monetary Union