Alios Finance raises capital

Alios Finance Côte d’Ivoire is raising CFA1.5 billion in fresh equity as it tries to rebuild capital and stabilize its leasing business. (brvm.org) The listed lender said the operation will create 3.75 million new shares at CFA400 each, with subscription open from April 27 to June 11, 2026. Trading in the subscription rights is scheduled from April 27 to June 9. (brvm.org) Ecofin Agency reported the company is using the money to meet regulatory requirements, reinforce its balance sheet and finance a turnaround plan for leasing. The deal was announced on April 13 and is being marketed through broker networks across the West African regional exchange. (ecofinagency.com) (brvm.org) Leasing is a form of asset finance: a company gets use of a vehicle or machine and pays over time instead of buying it outright. Alios Finance Côte d’Ivoire specializes in that market, which ties its fortunes to business investment and borrowers’ ability to keep up payments. (ecofinagency.com) (business.abidjan.net) The capital raise lands after a regulatory tightening cycle in the West African Monetary Union. A January 2024 notice from the Central Bank of West African States kept the minimum capital for credit financial institutions at CFA3 billion while doubling the minimum for banks to CFA20 billion. (bceao.int) Alios Finance Côte d’Ivoire entered 2026 after narrowing losses in 2024. Its fourth-quarter activity report shows net banking income rose 8% to CFA3.98 billion, cost of risk fell 26% to CFA333 million, and the net loss narrowed to CFA165 million from CFA579 million in 2023. (brvm.org) The ownership story also changed in the past year. Credaf Group said it finalized the acquisition of Alios Finance entities in Côte d’Ivoire, Cameroon and Gabon on April 30, 2025, after regulatory approvals, making the Ivorian group the main shareholder in those markets. (business.abidjan.net) That new shareholder is backing a recovery plan rather than a quick exit. If the offer is fully subscribed, Alios Finance Côte d’Ivoire will have more room to meet capital rules and keep writing leasing business from a stronger base. (ecofinagency.com) (brvm.org)