Kouafilann A. Sory, ISM PhD alumnus and the CEO of Fidelis Finance Group, has overseen a substantial investment from Yeelen Financial Fund, enhancing Fidelis Finance's equity by €7.6 million. The agreement, signed on July 9, 2024, in Abidjan, allocates €3.3 million in equity and €4.3 million in a convertible subordinate loan. This strategic move is a part of Fidelis Finance's CAP25 transformation project.
Under Sory's leadership, Fidelis Finance's share capital has grown from €9.5 million to €32.8 million, welcoming new shareholders including Yeelen Financial Funds, the National Social Security Fund of Togo, Yeshi Group, and individual investors from UEMOA. This initiative aims to strengthen the financial services industry and support SME development, with Fidelis Finance having already provided loans exceeding €228.6 million to SMEs by June 2024.
