IslamicFinance.de

Oragroup received €40 million from the Islamic Corporation for the Development of the Private Sector (ICD). The funds which will be dispatched to various subsidiaries of the group such as Orabank Togo, will mainly be used to support small and medium enterprises (SMEs). According to Binta Touré Ndoye, Managing Director of Oragroup, this financing will help the region by creating jobs, accelerating industrialization and local processing, creating value, redistributing wealth, fighting poverty and contributing to the emergence of the middle class.