Emerging Capital Partners (ECP)
ECP Africa Fund I was a private equity growth-expansion fund established in 2000 and managed by Emerging Capital Partners, based in Johannesburg, South Africa. The fund focused on investing in various sectors across Africa, specifically targeting materials, resources, and impact investing. With a commitment to fostering economic growth, ECP has raised over $2 billion for investments throughout the continent, including the Francophone regions, and has deployed capital in over 40 countries. The fund's initiatives have directly contributed to the creation and support of more than 50,000 jobs, highlighting its role in promoting sustainable development in Africa.
Private Equity Round in 2008
Oragroup SA is a banking institution that provides personal and business banking services across West and Central Africa. Founded in 1988 and headquartered in Lomé, Togo, the company operates under the Orabank brand and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, and Togo, among others. Its product offerings encompass savings and term deposit accounts, various types of loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, Oragroup SA engages in bancassurance and offers insurance products, catering to a diverse clientele throughout the region. The company operates as a subsidiary of ECP Financial Holding LLC.
Orabank Mauritania (formerly BACIM Bank) was set up at the end of 2001 with share capital of 1,000,000,000 ouguiya. Since its acquisition by ECP group this capital has increased continuously, reaching 6,921,350,000 ouguiya in 2012. The bank was recapitalised following the takeover and was renamed 'Orabank Mauritania' on 30 September 2012. 97% of the bank’s share capital is held by ECP and Oragroup SA. Orabank Mauritania has 97 employees and six branches, including three in the capital Nouakchott, one in Nouadhibou (the country’s economic capital), one in Kiffa and one in Néma in the east of the country. Orabank Mauritania is a commercial bank with a customer base made up largely of individuals, self-employed professionals, SMEs, big businesses and local authorities. Thanks to its many banking products, Orabank Mauritania can offer a range of services that have helped it both to retain existing customers and to develop and diversify its customer base. The quality of these services means that the bank can now look to the future with greater confidence.
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