From the European Microfinance Platform (e-MFP): Yikri wins European Microfinance Award 2023 for its commitment to addressing the complex challenges of food security and nutrition in Burkina Faso.
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Tag: Burkina Faso
MICROCAPITAL BRIEF: ABI to Leverage $69m from EIB to Boost SME, Mid-cap Financing in West Africa – Focusing on Women, Youth
Atlantic Business International (ABI), a holding company owned by the Morocco-based Banque Centrale Populaire (BCP) Group, recently entered an agreement with the EU’s European Investment Bank (EIB) whereby EIB will fund half of EUR 130 million (USD 138 million) in funding to be distributed via ABI’s Banque Atlantique institutions in Burkina Faso, Côte d’Ivoire and Senegal. The funds are to be directed to small and medium-sized enterprises (SMEs) and mid-caps with the goal of
MICROCAPITAL BRIEF: IFC, Vista Bank Launch $24m Partnership to Increase Access to Trade Finance in Burkina Faso, Guinea
The World Bank Group’s International Finance Corporation (IFC) recently agreed to enroll Guinea-based Vista Bank Group in its Global Trade Finance Program (GTFP), giving the bank’s subsidiaries in Burkina Faso and Guinea access to USD 12 million each to facilitate imports of essential goods such as “foodstuffs, raw materials, refined oil products, equipment [and] consumer goods….” IFC will also provide technical assistance to Vista Bank regarding governance and risk management. This follows a 2020 project through which IFC advised Vista Bank on
MICROCAPITAL BRIEF: FMO Loans $3.5m for Microfinance, SMEs Via ACEP Burkina Faso
The Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently disbursed a loan of EUR 3 million (USD 3.5 million) to Agence de Crédit pour l’Entreprise Privée (ACEP) Burkina Faso to support its lending to microenterprises as well as small and medium-sized enterprises (SMEs). FMO sourced the funding from
MICROCAPITAL BRIEF: ACEP Burkina Borrows $2.6m from Grameen Credit Agricole Foundation for Microlending
ACEP Burkina, one of the five members of ACEP International, has received a loan approximately equivalent to EUR 2.3 million (USD 2.57 million) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, to support microlending in Burkina Faso. ACEP Burkina specializes in providing loans to micro- and small enterprises in urban and suburban areas. It was founded in 2012 as a partnership between Investisseurs & Partenaires (I&P),