In a landmark move to bolster Côte d’Ivoire’s economic backbone, Orange Bank Africa, a fully digital bank headquartered in Abidjan, formalized two strategic partnerships with the Société de Garantie des Crédits aux Petites et Moyennes Entreprises (SGPME) on July 23, 2026. These agreements aim to channel up to 17 billion West African CFA francs into financing for small and medium-sized enterprises (SMEs), micro-enterprises, and intermediate-sized companies across the country.
Of the total funding, 4 billion CFA francs are earmarked exclusively for women-led businesses, reflecting a targeted push to bridge the financial inclusion gap. “These partnerships are not just about numbers; they are about empowering those who drive our economy forward,” stated Audrey Koffi, Chief Executive Officer of Orange Bank Africa, during the signing ceremony. She emphasized that the greatest hurdle for most entrepreneurs isn’t market demand or innovative ideas but securing the capital needed to scale operations.
Breaking barriers for women entrepreneurs
Côte d’Ivoire has seen a surge in female entrepreneurship, yet access to credit remains a persistent challenge. Orange Bank Africa is addressing this head-on by introducing dedicated credit lines for women, ensuring they have the financial leverage to grow their ventures. “With these new credit lines, we’re unlocking 4 billion CFA francs specifically for women,” Koffi noted, adding that the bank disburses approximately 20 billion CFA francs in loans monthly.
The collaboration with SGPME amplifies this effort. For eligible female entrepreneurs, the partnership guarantees up to 70% of the loan amount, significantly reducing the risk for financial institutions and making credit far more accessible. “This isn’t just about funding; it’s about creating opportunities where barriers once stood,” Koffi added.
Redefining SME financing with digital innovation
Orange Bank Africa’s mission extends beyond traditional banking. By leveraging digital platforms, the bank aims to democratize financial services, making them faster, more transparent, and inclusive. This approach aligns with the bank’s broader vision of fostering economic resilience through technology.
Joëlle Kouassi, CEO of SGPME, highlighted the transformative potential of the partnership. “Typically, SMEs face an uphill battle when seeking loans because banks demand collateral. Our role is to step in as a guarantor, sharing the credit risk and making financing viable for businesses that might otherwise be turned away.”
Under the new agreements, SGPME commits to covering at least 50% to 70% of the loan guarantees, a move Kouassi described as “a critical step toward reducing the financing divide in Côte d’Ivoire.” While the 17 billion CFA francs won’t resolve all funding gaps, she emphasized that it represents a meaningful stride forward in supporting the nation’s entrepreneurial ecosystem.
The SGPME was established by the Ivorian government to serve as a catalyst for SME growth, ensuring businesses have the resources to thrive. These partnerships with Orange Bank Africa further solidify that mission, combining public and private sector efforts to uplift local enterprises.
As Orange Bank Africa celebrates its sixth anniversary, its commitment to inclusive finance remains unwavering. The bank continues to pioneer digital banking solutions that empower individuals and businesses alike, driving economic progress across West Africa.
