A ceremony dedicated to the Common Credit Securitization Fund (FCTC) was organized at Sofitel hotel in Cotonou, by NSIA Bank and its partners. Occasionally, the bank asks companies to make themselves available to benefit from 52 billion CFA francs in order to improve their performance on the market

The establishment of this fund is based on a tripartite agreement whose purpose is to facilitate access to finance for small and medium-sized enterprises (SMEs). The actors of this cooperation are, on the one hand, two premises which are the co-leaders of the operation, in particular NSIA Banque and l'Africaine de Gestion et d'Intermediation (AGI). On the other hand, three reference investors, all development banks. This is the Banque ouest africaine de développement (BOAD) , the group from the World Bank à travers la International Finance Corporation

As a last resort in this chain of support for SME projects, the arranger and the management company BOAD securitization. According to Adam Affo Dendé, Director General of the Financial Sector at the Ministry of Economy and Finance, representing the minister at the ceremony dedicated to the Fund, “the needs of SMEs are enormous, the potentialities are abundant but the resources often remain inaccessible to a good number of entrepreneurs, due to credit conditions that are sometimes not well adapted to their realities.” In this context, he adds, an “innovative securitization initiative represents a sustainable and appropriate financing solution

According to Adji Sokhna M'Baye, CEO of BOAD Titrisation, this is truly a first, because it is a “first securitization transaction in Benin,” the first transaction bringing together three leading investors. Size reference, then the first multi-selling operation, now multi-country, with financing committed to the service of

The counters are open for the period 2025 — 2033. The resources are available. Access conditions have been adjusted. All that remains is the step for business leaders in Benin to take or to make themselves available to welcome the NSIA Bank team to their premises