Joint Border Posts in West Africa: Société Générale Côte d’Ivoire grants CFA 8,4 billion to support Scanning Systems.

In a press release dated June 16, 2021, Scanning Systems announced the signing of an agreement with the bank Société Générale Côte d’Ivoire, as part of a financing scheme with financial support of FCFA 8.4 billion intended for the construction and development of the Joint Border Posts (JBP) of Laléraba (Côte d’Ivoire/Burkina Faso border) and Zégoua (Côte d’Ivoire/Mali border) located in the West African region.

Scanning Systems is investing around CFA 4 billion (representing 30% of the total investment dedicated to the realization of these two projects). The estimated total cost amounts to CFA 12.4 billion.

The two JBP’s will be commissioned during the year 2022.

For the CEO of Scanning Systems, this funding shows the deep trust that exists between the Company and its financial partners. ²This funding proves the confidence of our financial partners, and thus, confirms our Business Strategy, and our expertise in the implementation and management of JBP’s²

The CEO also add : “We are proud to take part in the process of strengthening cooperation and economic integration in Africa, through our Partneship with the WAEMU, as part of the Concession Agreement that binds us for the Construction and Operation of several JBP’s in West Africa.

We are also moving forward with the expansion of our activities with the next construction of three Joints Border Posts in West Africa.”

It should be noted that this project is part of the implementation of a Regional program to facilitate inter-state road transport and transit within the West African region, driven by WAEMU and ECOWAS. These Joint Border Posts will therefore contribute to the improvement of regional trade.

source : FratMat Info