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Expansion of local businesses: the ADB provides financing of more than 19 billion FCFA to Bridge Bank

26/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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In order to stimulate the expansion of local businesses, the African Development Bank (AfDB) is providing financing of 30 million euros or 19,678,710,000 FCFA to Bridge Bank Côte d'Ivoire.

The financing granted to Bridge Bank Côte d'Ivoire will allow to make financial resources available to this bank necessary to support the investment needs of businesses and SMEs active in the priority sectors of of statistics, confirming their preponderant role in the economy. One attention will be paid to promising new markets such as production industrial, education and health.

The funding partnership consists of three

components

- A subordinated loan of 10 million euros aimed at strengthen the capital base of Bridge Bank Group Côte d'Ivoire,

- A guarantee of 10 million euros for the trade finance in order to meet import needs and the export of Ivorian SMEs

, and

- A portfolio guarantee of 10 million euros to support businesses run or owned by women.

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