FAGACE holds a 5% stake in the share capital of “African Investment Bank”, in the form of a “portage”, i.e. 125 million F CFA, representing 12,500 shares.
FAGACE’s participation in the share capital of African Investment Bank will contribute to the diversification of financing instruments in Benin, where the banking system is heavily dominated by commercial banks, by focusing on the financing of productive investment projects and financial engineering.
This is justified by Benin’s significant investment financing needs.
In Benin, the shortage of medium- and long-term financing “constitutes a major handicap to economic development in general, and to the promotion of SMEs in particular, which are a real strategic lever for wealth and job creation”. The creation of an investment bank can, according to FAGACE, “contribute to meeting the medium- and long-term financing needs of the Beninese economy”.
In fact, “this type of structure will intervene directly in the financing of productive investment projects, but its vocation will also be to arrange medium and long-term financing operations, in partnership with Beninese banks and banks in the sub-region; in this way, it will be able to play a catalytic role in favor of the financing of productive investments”.
Member countries : Benin
