AfricInvest successfully exits AFG Holding after facilitating significant growth and strategic development within the financial institution, highlighting its impact on the Ivorian banking sector.

Target Information

AFG Holding is a prominent financial institution that has made significant strides in regional growth and operational enhancement. Following a partnership with AfricInvest, AFG successfully secured a banking license in Côte d'Ivoire, demonstrating its commitment to expanding its services and market presence. Its financial strength is evident, as the company has managed to double its balance sheet to nearly $6 billion while maintaining impressive performance metrics.

Under AfricInvest's guidance, AFG Holding achieved a remarkable return on equity exceeding 28%. This achievement not only reflects AFG’s robust operational capabilities but also highlights the potential for scalable financial institutions in Africa’s evolving market landscape.

Industry Overview in Côte d'Ivoire

The financial services sector in Côte d'Ivoire is burgeoning, driven by increasing demand for banking and financial products among both individuals and businesses. With a growing middle class and rising levels of fina