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(Togo First) – Oragroup, the holding company of the Orabank Group, headquartered in Lome, announced Thursday the signing of a technical assistance agreement with the African Community Credit (CCA), a former Cameroon microfinance recently became the country's 15th largest bank
According to the agreement, the Pan-African Bank will assume on behalf of CCA, various services in terms of the organization and development of the Cameroonian banking institution. In the specifications, Oragroup will provide one-off services, such as staff search, network development assistance, internal audit missions and project management support.
This agreement comes as CCA obtained on 11 June 2018 the authorization of the Ministry of Finance of Cameroon to develop universal banking activities, after the discharge of the Banking Commission of Central Africa (COBAC) in 2017. Crédit Communautaire d'Afrique (CCA) ), which already serves more than 450,000 customers, now wants to migrate to an even stronger structure, and expand its activities .
For Charlotte Kouecheu, General Manager of CCA, it is important for CCA SA " to have a powerful and modern technical assistance from a pan-African banking group of reference as ORAGROUP at this pivotal moment of its development.
"In view of CCA's performance and the extent of its territorial coverage, we are certain that this partnership will open up new prospects for development in Cameroon. "Said Binta Toure Ndoye (pictured), General Manager of ORAGROUP.
CCA SA which becomes CCA-BANK SA has a registered capital of 10 billion CFA francs, being increased to be carried to 15 billion. The Bank claims 42 branches in the ten regions of Cameroon.
Fiacre E. Kakpo
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