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Meso-finance: The African Solidarity Fund supports the Cofina group

27/09/2021
Categories: Companies

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In its process of developing its network in the sub-region, the Ivorian group Cofina has just benefited from major support from the African Solidarity Fund (FSA).

The multilateral financial guarantee institution bringing together 14 African member states offers its guarantee to Cofina to raise 5 billion FCFA. The agreement was initialed in particular by Ahmadou Abdoulaye Diallo, CEO of the FSA, Charles-Eric Moulod, SG of Cofina Group and CEO of Cofina-Togo. According to Ahmadou Abdoulaye Diallo, head of the multilateral guarantee institution, the funds mobilized within the framework of this operation are intended for the extension and development of the CTI network. Through this operation, the FSA contributes to the development of the financial institution Cofina, specialized in meso-finance, based in eight African countries (Senegal, Guinea, Ivory Coast, Mali, Gabon, Burkina Faso and Togo). Signed last Wednesday, September 22, the said guarantee agreement will serve the Ivorian group Cofina, which specializes in meso-finance, to extend and develop its network in the sub-region.

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