Dutch development finance institution FMO has invested EUR12.5m (approximately USD13.5m) in African microfinance group Compagnie Financiere Africaine (COFINA) via two transactions: a EUR7.5m (approximately USD8.1m) investment in Cofina’s subsidiary in Senegal and a EUR5m (approximately USD5.4m) investment in Cofina Côte d’Ivoire. Read more