Orange bank africa and sgpme unlock 17 billion cfa for ivoire business growth

In a landmark move to bolster Côte d’Ivoire’s entrepreneurial ecosystem, Orange Bank Africa, the country’s leading 100% digital bank, has formalized two strategic partnerships with the Société de Garantie des crédits aux Petites et Moyennes Entreprises (SGPME)—a state-backed initiative designed to ease access to financing for small and medium-sized enterprises.

The agreements, signed in Abidjan on July 23, 2026, will unlock up to 17 billion FCFA in credit facilities for Ivorian TPEs, PMEs, and ETIs, with a dedicated 4 billion FCFA earmarked exclusively for women-led businesses.

Breaking barriers to financing for women entrepreneurs

Audrey Koffi, CEO of Orange Bank Africa, emphasized the critical role these partnerships play in addressing the most pressing challenge faced by local businesses: capital access. During her address at the signing ceremony, she highlighted the bank’s commitment to supporting those who drive economic progress.

“In Côte d’Ivoire, women are boldly building businesses. What we’re offering is simple: dedicated credit lines tailored to their needs,” stated Koffi. She revealed that Orange Bank Africa disburses approximately 20 billion FCFA in loans monthly, underscoring the institution’s digital-first approach to financial inclusion.

The new credit scheme will empower women entrepreneurs with up to 4 billion FCFA in financing. A standout feature is the SGPME’s guarantee coverage, which can reach up to 70%—significantly reducing the risk for lenders and making credit far more accessible.

SGPME’s role: reducing the financing gap

Joëlle Kouassi, CEO of the SGPME, reinforced the transformative potential of these partnerships. “Traditionally, financial institutions demand collateral from SMEs seeking loans. Our collaboration with Orange Bank Africa flips the script by sharing credit risk, enabling businesses to secure funding without the usual financial burdens.”

Kouassi noted that the SGPME’s guarantee can cover 50% to 70% of the loan, depending on the agreement. “While 17 billion FCFA won’t solve every financing need in Côte d’Ivoire, it’s a significant stride toward leveling the playing field,” she remarked.

Digital banking as a growth catalyst

Founded six years ago, Orange Bank Africa continues to redefine financial services in West Africa by prioritizing digital innovation. On the anniversary of its establishment, the bank reiterated its mission: to democratize access to financial tools and foster economic resilience across the region.

The partnerships with SGPME align with this vision, leveraging technology to streamline credit access while mitigating risks for both borrowers and lenders.