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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Beninese Head of State, Patrice Talon received in audience on Thursday, February 10, the President of the West African Development Bank (BOAD), Serge Ekué. During the exchanges, the two personalities discussed the increase in BOAD's capital.
President Serge Ekué was accompanied by a large delegation from the financial institution. On the menu of exchanges between the two parties: the increase in the capital of this West African bank. The president of BOAD went to give Patrice Talon an update on the operation, a year after the hearing during which the subject was discussed. Serge Ekué told the Head of State that the operation was taking place under the best possible conditions. "We plan to double the capital of the Bank through the structuring of a capital increase operator in which the Member States and the BCEAO will remain the reference shareholders, but with a possible entry into the capital of strategic partners rated AA or +” indicated the president of BOAD. It must be said that Benin represents 13% of the portfolio of this sub-regional bank.
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