Jean-Louis Menann-Kouamé secures Orange Bank’s Tik Tak loans with IFC
The World Bank subsidiary advises Orange in Africa on its mobile financial services. It will provide a credit guarantee on its Tik Tak branded micro-loan portfolio in Côte d’Ivoire and Senegal.
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▪ Jean-Louis Menann-Kouamé secures Orange Bank’s Tik Tak loans with IFC
▪ The World Bank subsidiary advises Orange in Africa on its mobile financial services. It will provide a credit guarantee on its Tik Tak branded micro-loan portfolio in Côte d’Ivoire and Senegal.
▪ https://www.africabusinessplus.com/en/815484/jean-louis-menann-kouame-secures-orange-banks-tik-tak-loans-with-ifc/
Orange Bank Africa has secured a share of short-term loans to its MSE customers, thanks to the support of the IFC. The development finance institution, a subsidiary of the World Bank, will grant a three-year risk-sharing facility. This will cover 50% of a loan portfolio of up to $30 million (i.e., $15 million), denominated in CFA francs. The West Africa regional director facilitated the IFC’s commitment, the Burundian Olivier Buyoya, based in Dakar since November 2022.
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