Coris Holding and Africa Solidarity Fund Forge Strategic Partnership to Boost African Economic Development
Ouagadougou, 23rd January 2025 – In a landmark move to bolster economic growth across Africa, Coris Holding, a leading Pan-african banking group, and the Africa Solidarity Fund (ASF), an international public body, have signed a strategic framework agreement. The agreement, inked by M. Diakarya Ouattara, Managing Director of coris Holding, and Mr. Abdourahmanane Dello, Senior Director of the ASF, marks a pivotal step in supporting the economic development of regions where Coris Bank operates.
this partnership comes at a critical time when funding for small and medium-sized enterprises (SMEs) remains a pressing challenge.By pooling thier resources and expertise, the two institutions aim to strengthen the financial capacity of local businesses, fostering innovation and enduring growth.
A Vision for Economic empowerment
The collaboration is rooted in shared values and a mutual commitment to Africa’s economic transformation. Coris Holding, with its extensive presence across 10 African countries, and the ASF, which focuses on funding development projects in 23 African nations, are uniquely positioned to drive impactful change.
“This partnership with the ASF represents a significant step forward in our vision of supporting Africa’s economic infrastructure and SMEs, the backbone of our continent’s growth.Together, we will build innovative solutions to overcome financial challenges,” stated M. Diakarya Ouattara, Managing Director of coris Holding.Echoing this sentiment, Mr. Abdourahmanane Dello of the ASF emphasized, ”This collaboration with Coris Bank aligns perfectly with our mission to promote sustainable development. By combining our efforts,we will be able to support African companies in their structural projects.”
Key Initiatives Under the Partnership
The agreement outlines several concrete actions designed to create a lasting impact:
- Providing innovative funding instruments: Businesses will gain access to financial appraisals and tailored funding solutions.
- Enhancing economic and social impact: Tools and resources will be developed to meet the specific needs of local enterprises.
- Capacity building: Staff from both institutions will benefit from training and knowledge exchange programs.
Additionally, the partnership will focus on:
- Supporting local businesses: Offering guidance and funding solutions to drive growth.
- Implementing joint projects: Launching initiatives in countries where both organizations operate.
- Disseminating information: Raising awareness about the opportunities available through Coris Bank and the ASF.
Measuring Impact and Future Prospects
The Coris Bank Group and the ASF have committed to evaluating the impact of their collaboration, ensuring that their efforts remain aligned with market needs and evolving challenges.This data-driven approach will enable them to refine their strategies and maximize their contributions to Africa’s economic development.
About the Partners
Coris Holding is a Pan-African banking group operating in 10 countries, renowned for its innovative, inclusive, and sustainable financial solutions. The Africa Solidarity Fund focuses on funding development projects across 23 African nations, leveraging financial instruments to drive progress.
Key Highlights of the Partnership
| Aspect | Details |
|————————–|—————————————————————————–|
| Objective | Strengthen SME funding and economic development in Africa |
| Key Initiatives | Innovative funding, capacity building, joint projects, information sharing |
| Geographic Reach | 10 African countries (Coris Holding) and 23 African nations (ASF) |
| Leadership | M. Diakarya Ouattara (Coris Holding) and Mr. Abdourahmanane Dello (ASF) |
This partnership underscores the power of collaboration in addressing africa’s financial challenges. By combining their strengths, Coris Holding and the ASF are poised to create a lasting legacy of economic empowerment and sustainable growth across the continent.
For more information, contact Moumini Kowe, Director of Group Marketing and Dialog at Coris Holding, or Mohamed Diarolo, Chief Cooperation and Communication Officer at the ASF.
Stay tuned for updates on this transformative partnership as it unfolds.
Coris Holding and ASF partnership: A New Era for African Economic Empowerment
In a landmark move to bolster economic growth across Africa, Coris Holding and the Africa Solidarity fund (ASF) have joined forces to create a transformative partnership. This collaboration aims to address the financial challenges faced by small and medium-sized enterprises (SMEs) and drive sustainable advancement across the continent.To delve deeper into this strategic alliance, we sat down with Dr. Amina Bello, an expert in African economic development and financial inclusion.
1. The Vision Behind the Partnership
Editor: Dr. Bello, could you share your insights into the vision that brought Coris Holding and the ASF together?
Dr. Amina Bello: Absolutely.The partnership between Coris Holding and the ASF is rooted in a shared commitment to Africa’s economic transformation. Coris Holding,with its extensive presence in 10 African countries,and the ASF,which focuses on funding development projects in 23 nations,are uniquely positioned to drive impactful change. Their collaboration is designed to support SMEs,which are the backbone of Africa’s economy,by providing innovative funding solutions and fostering sustainable growth.
2. Key Initiatives and Their Impact
Editor: What are some of the key initiatives under this partnership, and how do you see them making a difference?
Dr. Amina Bello: The partnership outlines several concrete actions,including providing innovative funding instruments tailored to the needs of local businesses. This will enable SMEs to access financial appraisals and customized funding solutions, which are frequently enough out of reach. Additionally, the partnership will focus on capacity building through training and knowledge exchange programs for staff from both institutions. These initiatives will not only enhance the financial capacity of local enterprises but also foster innovation and resilience in the face of economic challenges.
3. Measuring Success and Future prospects
Editor: How will the success of this partnership be measured, and what are the future prospects for this collaboration?
Dr. Amina Bello: Both Coris Holding and the ASF have committed to a data-driven approach to evaluate the impact of their collaboration. this will involve regular assessments to ensure that their efforts remain aligned with market needs and evolving challenges. By continuously refining their strategies, they aim to maximize their contributions to Africa’s economic development. looking ahead, this partnership has the potential to set a benchmark for future collaborations, creating a lasting legacy of economic empowerment and sustainable growth across the continent.
4. The Role of Collaboration in addressing Financial Challenges
Editor: In your opinion, how crucial is collaboration like this in addressing Africa’s financial challenges?
Dr. Amina Bello: Collaboration is absolutely essential.Africa’s financial challenges are complex and multifaceted, requiring a coordinated effort from various stakeholders. By bringing together their strengths and resources, Coris Holding and the ASF are able to tackle these challenges more effectively. This partnership not only amplifies their individual efforts but also creates a synergistic effect that can drive meaningful and sustainable change.It’s a powerful reminder that when we work together, we can overcome even the most daunting obstacles.
Conclusion
This interview with Dr. Amina Bello highlights the transformative potential of the partnership between Coris Holding and the ASF. Their shared vision, coupled with concrete initiatives and a commitment to measuring impact, positions them as key players in Africa’s journey towards economic empowerment and sustainable growth. As this collaboration unfolds, it promises to pave the way for a brighter future for African businesses and communities.
