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West Africa / Finance: The West African Development Bank enters the share capital of MANSA BANK Côte d'Ivoire to the tune of 1.2 billion FCFA

21/06/2019
Source : Confidentiel Afrique (Dakar)
Categories: General Information

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According to our information, the objectives, the African vision of MANSA BANK as well as the expertise of its leaders, including the General Manager Promoter El-Hassana KABA and the Chairman of the Board of Directors Serge-Philippe BAILLY, have won over the decision-makers of the 1st Bank regional in charge of development.

MANSA BANK Côte d'Ivoire "the bank of the King of kings" as we announced in one of our previous alerts exclusively in addition to being 100% owned by African players in the WAEMU zone, mainly Ivorians and Senegalese, intends to do banking differently with a particular focus on promoting true financial inclusion through digitalization, encouraging the emergence of large regional African groups, promoting SMEs/SMIs and facilitating access to financing for individuals and micro-enterprises excluded from the traditional financial system in order to effectively support the economies of States.

Moreover, after several authorized crosschecks, contrary to what had been written here and there, the WARI company is not a shareholder in this bank.

By making its entry into the round table of MANSA BANK Côte d'Ivoire, BOAD thus confirms its commitment to support local actors resolutely committed to the creation of shared wealth for the benefit of the populations of the region.

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