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Strengthening of partnership: African Guarantee Fund and Orabank conclude an agreement of 60 billion FCFA

19/12/2022
Source : ORISHAS FINANCE
Categories: Sectors

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A portfolio guarantee agreement worth a total of 60 billion FCFA (100 million USD) was signed on 16 December 2022 between the African Guarantee Fund (AGF) group, through its subsidiary AGF West Africa, and the Orabank group. This agreement aims to increase the Orabank group's intervention capabilities in favor of SMEs through its subsidiaries in West Africa.

Jules Ngankam, CEO of the African Guarantee Fund Group, and Ferdinand Ngon Kemoum, CEO of Oragroup signed the partnership agreement in the presence of all the Top Management of the AGF Group and the Orabank Group. Strengthening the partnership between the two institutions will enable the Orabank group to provide a solution to the thorny problem of access to finance for SMEs/SMIs and will also play a major role in the development of the economies where it operates. This agreement to support the Initiative will promote women's access to finance in Africa.

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