PROJECT

Projects

Summary of Investment Information

Project Number

49231

Company Name

Bank of Africa Congo

Date SPI Disclosed

May 13, 2025

Country

Congo, Republic of

Region

Africa

Projected Board Date

Jun 16, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 16, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 30, 2025
Signed : Aug 18, 2025
Invested : Jan 14, 2026

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The proposed investment is a US$ 25.5 million Senior Loan (XAF equivalent) (“SL”) for up to 5 years with a grace period of 2 years to support BOA Congo (“the Bank” or “BOAC”) scale-up its Micro, Small and Medium Enterprise (“MSME”) lending in the Republic of Congo (“the Project”). The Project will include Women MSME (“WMSME”) targets, with at least 10% of the proposed Loan proceeds earmarked for women owned/led MSMEs.   

The Project is expected to be supported by IDA20 IFC-MIGA Private Sector Window Local Currency Facility (“IDA-PSW LCF”)   

Associated Advisory Engagement

 IFC's advisory support to BOA Congo will help to enhance its governance, business development and risk management. IFC is exploring an advisory services (AS) engagement focusing on enhancing different aspects of the client’s business including SME lending, new product development like leasing, risk management, and governance. IFC’s proposed AS will also allow BOA Congo to identify, segment, and track WMSMEs and start gender-reporting on MSME lending, in line with IFC’s definitions.        

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation