During the European Investment Bank (EIB) Academy dedicated to SME banking and microfinance in West and Central Africa, a memorandum of understanding signing session between the EIB and the Compagnie Financière Africaine (COFINA) took place in Côte d'Ivoire from Ivory and Senegal. It was Thursday, September 14, 2023.

Le protocole d' accord signé entre la BEI et la Cofina prévoit le déploiement de financement à long-terme de la BEI par COFINA (Côte d'Ivoire and Senegal), for 16 and 10 million euros respectively, with the support of the European Sustainable Development Fund more (EFSD+). Under this agreement, COFINA will support around 6,000 jobs for Small and Medium-sized Enterprises (SMEs) and Mid-Size Enterprises (ETI). The long maturity of the intermediated credit lines granted by the EIB will make it possible to extend the duration of the COFINA Group's financing to the economy in Côte d'Ivoire and Senegal and in particular to support the sustainable growth of the agricultural sector by providing companies operating in this sector with the resources necessary to invest, innovate