Burkina: Finance company Safine SA may evolve into a bank
The Chamber of Commerce and its partners will start a finance company dedicated to SMEs and informal players, Safine SA. However, the institution could later evolve into a bank, Jeune Afrique Business + has learned.
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▪ Burkina: Finance company Safine SA may evolve into a bank
▪ The Chamber of Commerce and its partners will start a finance company dedicated to SMEs and informal players, Safine SA. However, the institution could later evolve into a bank, Jeune Afrique Business + has learned.
▪ https://www.africabusinessplus.com/en/807156/burkina-finance-company-safine-sa-may-evolve-into-a-bank/
The new actor has a CFA F 2 billion capital, 40% provided by the Chamber of Commerce and Industry of Burkina Faso led by Mahamadi Savadogo (nicknamed “Kadhafi“), the head of the SMAF group. He is supported by Mamady Sanoh (IPS-WA of the Aga Khan group). The rest of the shareholders comprise the Burkinabè National Lottery (Lonab), the Burkinabè Economic and Social Development Fund (FBDES), the Maison de l’Entreprise, the National Social Security Fund and the insurer Sonar Vie and IARD.
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