Finance: locally effective investments

It was in 2014 that Oswald Louéké took up a stake in the Beninese subsidiary of BGFIBANK, a leading pan-African bank in Central Africa. In that same year, he became a member of the board of directors for this financial institution, before becoming their chairman in 2019.

The various activities undertaken by OGL PARTICIPATIONS have given it the means to contribute to the work of developing the economic growth of the continent.

In accordance with the OGL group’s philosophy of carrying out operations with positive societal effects, each investment must be meaningful, in terms of being locally effective.

The NOVAREA SA processing unit in Yamoussoukro.

The agro-industrial example

In Ivory Coast, NOVAREA SA and its cashew processing unit provides a good example of the appetite for risk of OGL PARTICIPATIONS.

Ivory Coast is the largest cashew producer in the world. Up until now, the focus was firmly on trading, but recently the country has decided to encourage the processing sector. Objective: 50% of production to be processed locally.

With the contribution of institutional operators, such as the World Bank and the IMF, and with its local partners working alongside, OGL PARTICIPATIONS has organised fundraising intended to consolidate the activities of the NOVAREA SA facility, located in the industrial zone of Yamoussoukro. And now, in addition to the production unit, which packages the finished product, there is another that processes the raw shells to produce CNSL (cashew nut shell liquid), which is an oil of very great value in the cosmetics and aerospace industries.