Cote d'Ivoire

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7.539989, -5.5470800000001

Digital Credit Helping to Put Kids in Classrooms in Cote d'Ivoire

By leveraging partnerships with farmers’ cooperatives and telecom operator MTN, in a recent pilot Advans Cote d’Ivoire achieved 100 percent on-time repayment and notably increased school attendance among borrowers’ children. This innovative work with cocoa farmers earned Advans Cote d’Ivoire the 2018 European Microfinance Award for inclusive finance through technology. Advans is trying to solve a liquidity problem with a promising new digital credit product.

Member News: Standard Chartered Launches Digital-Only Bank in Ivory Coast

SME Finance Forum member Standard Chartered Bank has announced that sporting legend and Ivorian icon, Didier Drogba, will be endorsing the Bank’s first digital bank in Africa as its ‘Digital Bank Ambassador’.

Llaunched in Abidjan, Côte d’Ivoire on March 14, 2018, Standard Chartered’s first and fully digital retail bank in West Africa marks an important milestone in the Bank’s path towards innovation and has been designed with continuous feedback from its clients.

Closing the Trade Finance Gap for African SMEs

The Making Finance Work for Africa Secretariat (MFW4A) has recently launched a Trade Finance Initiative (TFI), with support from the African Development Bank (AfDB) and GIZ. The TFI aims to improve the understanding of the trade finance market in Africa, to promote regulatory compliance, and to build the capacity of local banks to introduce sophisticated products and grow their trade finance business, with a particular focus on Small- and Medium-sized Enterprises (SMEs).

Banking on Tomorrow

Banking on Tomorrow: Creating Markets and De-risking Investments in Fragile & Conflict Affected States is an IF and Financial Times event that will bring together senior thinkers from governments, finance, banking, NGOs and the corporate sector to explore the international effort to move countries out of fragility and into stability and growth.

 

IFC Supports Ivorian SMEs With $2m

Intra-Africa trade received a major financial boost as the International finance cooperation (IFC), pledged a $2m trade finance guarantee to Bank of Africa Côte d’Ivoire (BOACI) for the provision of loans to small businesses in the country.

Although Côte d’Ivoire is one of the strongest and most diversified economies in West Africa, a statement released by the World Bank asserts that its smaller businesses still struggle to obtain the finance and support needed to expand or take on more employees.

IFC Supports Ivorian SMEs With $2m

Intra-Africa trade received a major financial boost as the International finance cooperation (IFC), pledged a $2m trade finance guarantee to Bank of Africa Côte d’Ivoire (BOACI) for the provision of loans to small businesses in the country.
Although Côte d’Ivoire is one of the strongest and most diversified economies in West Africa, a statement released by the World Bank asserts that its smaller businesses still struggle to obtain the finance and support needed to expand or take on more employees.

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