Vista to acquire Orabank from Emerging Capital Partners, others

Vista Group has entered into an agreement with Emerging Capital Partners, BIO, DEG, Proparco, and Envol Afrique to acquire 61.4% of Oragroup S.A., pending regulatory approvals. Oragroup, the parent company of Orabank based in Lomé, operates in 12 West and Central African nations including Togo, Côte d’Ivoire, and Benin, among others. As of the close of 2022, it reported assets of $7.7 billion. This collaboration between Vista and Oragroup is set to establish a Tier 1 banking entity spanning 16 countries with over 270 branches and a combined asset portfolio exceeding $10 billion.

This new acquisition by the Vista Group now significantly extends its presence to other markets and geographical areas in Africa, in line with the group’s strategic target of becoming a leading pan-African banking institution operating in at least 25 countries by 2025-26.

Simon Tiemtore, chairman of Vista Group said, “The acquisition of Oragroup is a significant milestone in our growth strategy to become a pan-African financial services group with operations in 25 countries and be a catalyst of economic development.”

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