Norfund relaunches support for Senegal SMEs, through COFINA
The Norwegian institution signed its first loan for two years in the country. Jean-Luc Konan, for his part, has received his second funding from a Northern European institution in just over 12 months.
13/09/2021 at 15h24, by Africa Business+
The last allocation of $12.5 million, validated with the Dutch FMO in May 2020, was for support for more than 2,000 SMEs in the Ivorian and Senegalese territories. This time, the scale has been reduced with a more modest amount. In addition, only Senegalese companies will be targeted. Thus, Cofina’s subsidiary, active since 2012 in the land of Teraanga, will benefit from a loan of 50.9 million Norwegian kroner (€5 million) from Norfund to expand its customer base.
Recommended articles
Capital Market & Private Equity
09/01/2024 at 16h59, by Africa Business+
Cofina’s Jean-Luc Konan continues to attract international financing
After the European Union and Spain, the pan-African microfinance operator has received backing from...
Agribusiness
18/11/2022 at 14h30, by Africa Business+
Jean-Luc Konan’s Cofina agricultural financing activity gets €26m EIB support
The European institution is granting a line of credit targeted at SMEs in the agricultural sector to...
Bank & Insurance
05/10/2022 at 16h29, by Africa Business+
COFINA CEO Jean-Luc Konan’s banking ambitions stalled
According to Africa Business+, the head of the Compagnie Financière d’Afrique (COFINA), a specialist...
Agribusiness
25/07/2022 at 18h07, by Africa Business+
Norfund West Africa investment manager Fabrice Mpollo : “We are targeting agribusiness, solar and plastic recycling”
The Norwegian donor has decided to accelerate its activities in Côte d’Ivoire and unveils its new policies...
Bank
06/07/2022 at 16h46, by Africa Business+
Bayport Mozambique negotiates multi-million dollar deal with Norfund
The financial services provider to African civil servants secured an investment from the Norwegian institution.
Bank
11/01/2022 at 17h27, by Africa Business+
COFINA CEO Jean Luc Konan appoints Pierrette Kouakou to head Fin’Elle
The microfinance group has recruited the new director from UBA.