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Multinational - Line of Credit to Oragroup

Sector: Hotel • Location: Multinational

Source: African Development Bank (AfDB)

Project

The proposed project is an EUR 50 million loan to the Oragroup banking group to support private sector development and financial inclusion in Africa. With a maturity of 7 years (including 2 years of deferment), the line of credit will be distributed among three Oragroup subsidiaries, namely Orabank Côte d'Ivoire, Orabank Gabon, and Orabank Togo. It will thus ensure greater access to medium and lon

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The project “Multinational - Line of Credit to Oragroup” is an infrastructure initiative in the Hotel sector, located in Multinational. Taiyo aggregates data on it from African Development Bank (AfDB).

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Participants

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Taiyo status

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Description

Description

The proposed project is an EUR 50 million loan to the Oragroup banking group to support private sector development and financial inclusion in Africa. With a maturity of 7 years (including 2 years of deferment), the line of credit will be distributed among three Oragroup subsidiaries, namely Orabank Côte d'Ivoire, Orabank Gabon, and Orabank Togo. It will thus ensure greater access to medium and long-term resources for small and medium-sized enterprises (SMEs) and large companies in the subsidiaries concerned. The LOC will be used mainly to finance long term projects of SMEs and some large companies especially in the energy, agro-food, health, construction, real estate, tourism, distribution and transport sectors.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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