Promoting business growth in Ivory Coast
Cissé Abdul Aziz is a 52-year-old entrepreneur living with his wife and five children in Abidjan, Ivory Coast’s capital. He has a Master’s degree in Business Administration and worked in two different companies before launching his own business. In 2001, he created AFRIBACOM, a service company in the fields of construction, electricity and telecommunications (cellular networks implantation, optical fibers, laying networks, etc.).
In 2017, Cissé received two mandates: the first one in telecommunication and the second one in the housing sector. He had heard of Compagnie Africaine de Crédit “CAC”, an institution that supports MSMEs by providing them with loans for their business endeavors. Initially, Cissé got a loan of CFA 50,000,000 (USD 89,000) to acquire telecommunication equipment. He was keen to diversify his activities and saw opportunities in the housing sector. He applied for another loan and received CFA 150,000,000 (USD 270,000), repayable over three years. Cissé is satisfied with the loan opportunities he got from CAC as he can seize business opportunities as they arise. He has made excellent profits from these two businesses and noticed a significant increase in income. The COVID-19 pandemic impacted the housing business as some equipment orders arrived late or are still missing. However, Cissé has managed to continue his activities in a very competitive market and is proud of his achievements.