by Renata Samadova -

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

by Rohit Dayanand -

MICROCAPITAL BRIEF: Baobab+ Borrows $1.3m from Oikocredit to Boost Household Access to Technology, Solar Energy in Rural Côte d’Ivoire

The Ivorian unit of the France-based renewable energy company Baobab+ recently borrowed EUR 1.2 million (USD 1.3 million) from Dutch cooperative investor Oikocredit. Baobab+ is active in six African countries, primarily selling

by Harriet Ritchie -

MICROCAPITAL BRIEF: Oikocredit Opens $1.8m Credit Line for Cavica, Cashew Cooperative in Côte d’Ivoire

Netherlands-based cooperative Oikocredit recently agreed to loan up to EUR 1.5 million (USD 1.83 million) to support Côte d’Ivoire-based Coopérative avec Conseil d’Administration de Vivriers et de Cajou (Cavica) in the procurement, sale, storage and transport of cashews. Cavica Board Chair El Hadj Konate Arouna stated,