NSIA Banque Côte d'Ivoire raises €100 million for SMEs and solar projects

NSIA Banque Côte d'Ivoire has announced a €100 million (approximately 65.5 billion FCFA) syndicated financing package arranged by Citibank. The funding, sourced from international lenders including FinDev Canada and KEXIM Global (Singapore) Ltd., is intended to support small and medium-sized enterprises (SMEs) and solar energy projects.

Half of the total envelope is reserved for SMEs, with 30% of the overall funds specifically earmarked for businesses led or owned by women. The remaining portion of the financing will focus on the energy transition, specifically targeting solar installations for commercial, industrial, and service buildings.