new finance models

Dangote, Orange… Africa’s champions in the era of “lean growth”

In depth

This article is part of the dossier: Wealth creators

By Joël Té-Léssia Assoko

Posted on Wednesday, 15 March 2023 17:19

Faced with the rising cost of credit, large groups like Dangote, TGCC and Orange have competing strategies in their approach to capital.

Mohamed Bouzoubaâ has decided. A little more than a year after the remarkable IPO of the Moroccan group Travaux Généraux de Construction de Casablanca (TGCC), its boss has chosen to turn again to the market to finance the immediate needs of the company, rather than to the banking sector.

Accompanied by ValorisCorporate Finance, Capital Trust Finance and CFG Finance, the company launched at the end of February the issue of 500 million dirhams (44.5 million euros) of commercial paper.

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