Page 20 - Photobook Xavier Reille V5
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               FLAGSHIP

               PROJECTS

















                BANK OF AFRICA





                ONE OF THE SEVERAL

                MOROCCAN CHAMPIONS WE

                HAVE SUPPORTED TO EXPAND







                The partnership between IFC and BMCE
                (now the Bank of Africa) to strengthen
                Africa’s financial sector and support
                small business growth stretches back
                almost 30 years. In 2018, IFC invested $60
                million to help the BoA Group establish
                a risk-sharing facility to support lending
                to SMEs in eight African countries.
                Half of the facility was earmarked for
                women-run businesses and climate-
                related improvements such as energy-
                efficient equipment upgrades. In 2022,
                IFC established a new risk-sharing facility
                to help the BoA Group serve MSMEs in 12
                African countries.
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