Protecting environment

In the context of strong partnership alliances, the Orabank Group is changing its position within the regional banking sector and is becoming a unifying player in taking green growth and sustainable development in general into account, as a criterion for economic development in the countries in which we operate, in a long-term vision.

Serge MIAN
Director of Investor & Partner Relations

Strategic Roadmap

Strategic Roadmap for Green Growth Financing and Positive Impact Projects

Years	Texts
2017	Finalization of the second installment of the 14-billion CFA cash-note program bringing the total issue to 35 billion CFA. Signature of a framework agreement with the Entreprenarium Foundation for the financing of projects of women entrepreneurs in Gabon and Senegal. Funding of the ANADER project to the tune of 5 billion FCFA. The project involves the acquisition and installation of photovoltaic equipment in Benin at a total cost of 45 billion CFA francs. Financing of the Savannah Project, an oil exploration project in Niger for an amount of CFA 7 billion. Signing of a Memorandum with SABER for the development of a platform for financing renewable energy and energy efficiency projects in the countries of the two institutions.
2018	Oragroup’s commitment to renewable energies continues with the financing of the SOTER/PAL project for €3 million through the SUNREF green finance line. This is a project to install solar panels on behalf of the Autonomous Port of Lomé. Posing of the first stone of the Kekeli thermal power plant in Lomé, Togo. This project is carried out by Eranove and its subsidiary Kekeli Efficient Power with a financing structured by Oragroup and BOAD. The cost of this 65MW power plant is about 85 billion CFA francs. It will use combined cycle technology that will generate more electricity with reduced gas consumption and limit CO2 emissions to the atmosphere. Obtaining a loan of 40 million euros (26 billion FCFA) from ICD, a subsidiary of the Islamic Development Bank (IDB) over a 5-year maturity. This funding will enable the subsidiaries Orabank, Togo, Gabon and Ivory Coast (including branches) to support SMEs in financing projects from a “Sharia Compliance” perspective through the “Mourabaha” product. Launch of the Oragroup Stock Exchange to the BRVM with a historic raise of 56.92 billion CFA francs. Structured a financing line of 4.8 billion CFA for a real estate company in Chad. Successful syndication for the State of Niger for an amount of 12 billion FCFA. Financing of USD 11 million to DCGN/WACEM for the construction of a clinker and cement manufacturing plant in Guinea.
2019	Financing of EUR 20 million from the AATIF fund for the financing of agricultural campaigns in the Ivory Coast area Issuance of a $35 billion CFA cash-note program. The operation was structured by the SGI CGF Bourse and SGI Togo and secured by the African Guarantee Fund West Africa (AGF WA). Continued exchanges with the European Investment Bank (EIB) for senior debt in local currency for XAF 20 billion and the African Development Bank (ADB) for a financing of EUR 50 million. Closing of the SUNREF Green Project Funding Program of the AFD of EUR 6 million and repaid an amount of EUR 68 000 in grants to 4 project holders who have completed their project. Signing of a loan agreement with BADEA for a financing of EUR 30 million for customers importing products from Arab League countries. Financing of a financing project to extend the hosting capacity of the Nord Sud hotel in Mali for an amount of 2.2 billion FCFA. Financing of a project to discharge debts to a heritage company for the SEEG in Gabon for an amount of 30 billion FCFA. Funds raised from partners for energy efficiency projects with SUNREF and AAPIF (Deutsch Bank) for investments for agriculture (€20 million) in the UMOA countries (Guinea Bissau for cashew nuts and Ivory Coast for agricultural projects). Cameroon, raising CFAF 9.6 billion from institutional investors in association with a local banking group. Supporting activities in Central Africa (Gabon and Chad). Signing of an agreement with the ADB 50 million € GABON CI TOGO to finance SMEs with a CA of – 5 million € (delayed deployment but will be launched at the end of 2020).
2020	The group has signed portfolio guarantee agreements with FAGACE for a cumulative amount of CFAF 7.5 billion. Discussions are being finalized with the FSA for similar portfolio guarantee lines for a total amount of CFAF 20 billion on a wider scope of intervention. Oragroup has finalized the due diligence that led to the closing of the financing of the Kékéli Efficient Power tri-fuel combined cycle thermal power plant project in Togo for an amount of FCFA 51.5 billion. EBID allocates a line of credit of EUR 50 million to ORAGROUP SA to support SMEs. Signing of 6 mandates of arrangement for nearly 200 billion FCFA. In March the group also signed a EUR 30 million line of credit with BADEA for companies importing products from Arab League countries. The disbursement of the first EUR 15 million tranche is expected but is conditional on a review of the group’s 2020 results.
2021	Oragroup has signed 4 financing mandates for infrastructure projects and mobilized a cumulative amount of more than CFAF 155 billion from its subsidiaries and banks in the WAEMU and CEMAC zones, including Financing of new investments for SAGA AFRICA HOLDING for 20 billion FCFA EBOMAF to finance a road project worth FCFA 59 billion The repurchase of debts in the CEMAC zone for 21.5 billion FCFA Financing of a real estate project in Gabon for 10 billion FCFA Oragroup has successfully completed a bond issue of FCFA 50 billion through a public offering that was oversubscribed by 160%. Orabank Togo has carried out an innovative securitization operation by public offering with an amount of 25 billion FCFA. With regard to financing from development funds, Oragroup has obtained a disbursement of the second tranche of 23 billion CFA francs of EBID financing. Finance in Motion has partnered with Oragroup to finance agribusinesses in sub-Saharan Africa with a €15 million senior loan through the Eco Business Fund and €8.8 million through the SANAD fund. These investments will promote sustainable production and consumption practices in the region’s agribusinesses. Orabank Ivory Coast and Orabank Gabon signed in Niamey, Niger, guarantee agreements with the African Solidarity Fund (ASF) for 10 and 3 billion CFA francs respectively.
2022+	Continuation of financing objectives and diversification of sectors. Focus on longer-term financing operations (> 5 years), with more ambitious objectives for financing the local economy. Creation of a management and intermediation company to initiate the diversification of the group’s revenues. Prioritization in favor of certain sectors with a stronger environmental component (solar and thermal power plants, water). Development of co-financing partnerships for positive impact projects.