This agreement includes a tranche of 105 million euros, equivalent to $121.3 million, coupled with a complementary line of $21 million exclusively dedicated to documentary credit operations for import-export. The influx of liquidity from the London market comes as the group founded by businessman Simon Tiemtoré deploys a vast plan to acquire banking assets in Central Africa.

The syndicate of lenders brings together top-tier banks specializing in emerging markets, such as FirstBank UK Limited, The Access Bank UK Limited, Eastern and Southern African Trade Fund, British Arab Commercial Bank, and Ghana International Bank. The bimonetary distribution mechanism attests to investors' interest in adequately structured African banking risks. The available resources will enable the holding company's subsidiaries to cover the growing demand for short-term credit lines from international trading companies in West Africa.

The firm's expansion trajectory is also materializing through direct investments in the CEMAC zone. Statements from the bank's management confirm the finalization of the acquisition of Société Générale's shares in Equatorial Guinea, an operation accompanied by a long-term investment commitment valued at $10 billion. The acquisitions also include a 90% stake in the capital of the Banque Agricole et Commerciale in Chad, an entity now renamed Vista Bank Chad. The strengthening of the holding company's equity is also supported by targeted bilateral loans, such as a $20 million loan granted by the International Finance Corporation (IFC) in Guinea to support the financing of local small and medium-sized enterprises.


Nlend Flore