Banking

Monday 5 September, 2022
Which bank has the most customers in Togo?
Banking

Which bank has the most customers in Togo?

Besides being the bank that provides most loans and gets most deposits in Togo, Orabank has the most clients. In…
Monday 22 August, 2022
African Guarantee Fund teams up with BGFIBAnk to help African SMEs get more financing
Banking

African Guarantee Fund teams up with BGFIBAnk to help African SMEs get more financing

The African Guarantee Fund Group (AGF) has set up a €50 million credit guarantee line for African SMEs. The BGFI network…
Monday 4 July, 2022
Togo: Coris Bank International launches e-money service
Banking

Togo: Coris Bank International launches e-money service

Coris Bank International Togo launched its e-money service, Coris Money, last Friday, July 1. Through the move, the lender wants…
Thursday 16 June, 2022
Ecobank and Mastercard team up to help African farmers better sell their products
Banking

Ecobank and Mastercard team up to help African farmers better sell their products

The Lomé-based pan-African banking group Ecobank and Mastercard want to support African farmers via the digitalization of agricultural value chains.…
Friday 27 May, 2022
Cofina secures CFA40 billion to expand in Africa
Banking

Cofina secures CFA40 billion to expand in Africa

COFINA, a West African meso-finance company, has just secured nearly CFA40 billion from Development Partners International (DPI), a London-based investment…
Monday 9 May, 2022
Coming Soon: WAEMU’s first support window for SMEs and SMIs
Banking

Coming Soon: WAEMU’s first support window for SMEs and SMIs

On May 5th, 2022, Blaise Ahwantchede, Afrik Créances’ boss, revealed that the banking and non-banking intermediate company plans to set…
Monday 25 April, 2022
Togo: Government announces a new strategy to make local microfinance sector more performant
Banking

Togo: Government announces a new strategy to make local microfinance sector more performant

Last Thursday, during the council of ministers held in the Savanes region, the ministry of finance presented a “new strategy”…
Thursday 7 April, 2022
Orabank Togo to launch a new product to protect importers and exporters against foreign exchange fluctuations
Banking

Orabank Togo to launch a new product to protect importers and exporters against foreign exchange fluctuations

To shield economic operators (importers and exporters) against fluctuating foreign exchange rates, Orabank Togo recently launched a new product called…
Thursday 7 April, 2022
Togo: In 2021, private banks loaned CFA1,425 billion to the private sector, up 9% y/y
Banking

Togo: In 2021, private banks loaned CFA1,425 billion to the private sector, up 9% y/y

Last week, during the National Credit Council (CNC), Togo’s minister of finance and economy, Sani Yaya, affirmed that bank lending…
Thursday 31 March, 2022
Ecobank reports 174% increase in pre-tax profit in 2021
Banking

Ecobank reports 174% increase in pre-tax profit in 2021

Ecobank, the Lomé-based pan-African banking group, has announced a pre-tax profit of $478 million for 2021, an increase of $304 million, or…
Thursday 3 March, 2022
Oragroup gets €15M from Eco.business to finance sustainable agribusinesses
Banking

Oragroup gets €15M from Eco.business to finance sustainable agribusinesses

The Lomé-based pan-African banking group Oragroup has secured €15 million from Eco.business, a European fund. According to a joint statement that…
Wednesday 16 February, 2022
BOAD gets half the amount it needs to double its capital
Banking

BOAD gets half the amount it needs to double its capital

The West African Development Bank (BOAD), has completed the first stage of its capital increase, raising CFA837 billion, with the…
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