Ivorian meso-finance group Cofina to open offices in Togo

Finance
Thursday, 05 March 2020 14:58
Ivorian meso-finance group Cofina to open offices in Togo

(Togo First) - Ivorian group COFINA (Compagnie Financière Africaine) plans on expanding to Togo soon, in line with its ambition to grow its footprint in West Africa. 

The first West African meso-finance entity also intends to open offices in Nigeria, Benin, and Burkina Faso. 

The move is subsequent to the establishment of a strategic partnership with the private equity fund Mediterrania Capital Partners which joined the shareholding of COFINA. 

This acquisition of a minority stake, paired with technical support supply, will enable COFINA group to raise up to €50 million in the form of capital and debt, over the next three years.

Togo is the seventh country where the group will start its operations. COFINA will join in this market SOGEMEF, another meso-finance institution which is currently established in Lomé and its surroundings. 

Séna Akoda

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