AfricInvest is pleased to announce its successful exit from AFG Holding, marking the culmination of a high-impact partnership that has significantly propelled the Group’s regional expansion and institutional transformation.
AfricInvest, through its vehicle AF IV LLC, joined AFG Holding in October 2022. During the investment period, AfricInvest provided catalytic capital and strategic guidance that enabled AFG to secure its banking license in Côte d’Ivoire, bolster its balance sheet, and strengthen its governance frameworks – laying the foundation for sustainable growth and regional scale.
Thanks to these efforts, AFG Holding’s consolidated balance sheet doubled from USD 3 billion to nearly USD 6 billion. It’s net loan portfolio expanded from USD 1.4 billion to USD 2.5 billion and net banking income more than doubled. The Group’s return on equity (RoE) now exceeds 28%, underscoring the strength of its performance.
"AFG Holding stands as a testament to what visionary leadership and regional ambition can accomplish. We are confident in the Group’s ability to scale new heights and create lasting impact in the financial sector across the continent," said ABISSA Kouakou Anzoua, CFA, Managing Director of Atlantic Group and board member of AFG Holding.
“We are proud to have supported AFG Holding during a pivotal stage of its development, helping to drive its strategic expansion. We have no doubt that the Group will continue to play a transformative role in shaping the banking landscape across West, Central, and Southern Africa," added Youssouf KONE, Director at AfricInvest.
He continued, “This exit reflects AfricInvest’s continued commitment to building and scaling resilient financial institutions that unlock long-term value and impact across the continent. We are proud to have played a part in AFG Holding’s evolution into a dynamic, growth-oriented platform, and look forward to witnessing its continued success in the years ahead.”