Lomé, September 01, 2022 – Oragroup, Holding of the Orabank Group and Orabank Senegal mobilizes, with a banking pool also consisting of the CBAO Groupe Attijariwafa bank, International Bank for Commerce and Industry of Senegal (BICIS) and Société Générale Senegal (SGBS ), a medium-term syndicated loan of twenty-five billion CFA francs in favor of SAGA AFRICA HOLDINGS LIMITED SA, a global mobile telephone operator, operating the Free brand in Senegal.

This loan will enable FREE to refinance its debt and carry out its ambitious investment program, the main axes of which are the continued modernization of the 4G+ network, the deployment of the very high-speed fixed internet offer (FTTX/FTTH ) to residential and business customers, and the increase of its presence in the Mobile Money business where FREE MONEY has a significant margin for growth.

Oragroup and Orabank Senegal, Co-arrangers of the transaction, are proud of the success of this operation, which reflects the group's expertise in structuring financing and its ability to offer companies in all segments tailor-made financing solutions from its balance sheet size and by bringing together other leading banking players.