{"id":628985,"date":"2018-05-20T03:55:30","date_gmt":"2018-05-20T03:55:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/"},"modified":"2018-05-20T03:55:30","modified_gmt":"2018-05-20T03:55:30","slug":"beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/","title":{"rendered":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup"},"content":{"rendered":"

<\/a> M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup:<\/strong> Beltone Financial\u2019s board approved in principle on Saturday launching a bid to acquire a significant interest in African banking and financial holding company Oragroup<\/a>, which serves 400k customers in 12 countries, mostly in West Africa. (You can check out the company\u2019s 2016 annual report here<\/a> in pdf.) Beltone intends to sign a non-binding offer and intends to conduct a preliminary feasibility study for the transaction before commencing due diligence. The board also signed off on hiring advisers for the transaction. The move is part of Beltone\u2019s plan to expand in African financial markets,according to a company statement (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup: Beltone Financial\u2019s board approved in principle on Saturday launching a bid to acquire a significant interest in African banking and financial holding company Oragroup, which serves 400k customers in 12 countries, mostly in West Africa. (You can check out the company\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628985","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a3bee9c2-5c18-4578-b712-207aa6acdad2","order":"0","is_powered_by":true,"section_story_id":"a2fbeb4e-fcb2-434c-924a-9eeb3e2167a1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628968],"teaser":"","voice_url":""},"yoast_head":"\nBeltone to launch acquisition bid for West African consumer finance provider Oragroup - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone to launch acquisition bid for West African consumer finance provider Oragroup\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup: Beltone Financial\u2019s board approved in principle on Saturday launching a bid to acquire a significant interest in African banking and financial holding company Oragroup, which serves 400k customers in 12 countries, mostly in West Africa. (You can check out the company\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-20T03:55:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beltone to launch acquisition bid for West African consumer finance provider Oragroup\",\"datePublished\":\"2018-05-20T03:55:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\"},\"wordCount\":127,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\",\"name\":\"Beltone to launch acquisition bid for West African consumer finance provider Oragroup - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-05-20T03:55:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beltone to launch acquisition bid for West African consumer finance provider Oragroup\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/","og_locale":"en_US","og_type":"article","og_title":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup","og_description":"M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup: Beltone Financial\u2019s board approved in principle on Saturday launching a bid to acquire a significant interest in African banking and financial holding company Oragroup, which serves 400k customers in 12 countries, mostly in West Africa. (You can check out the company\u2019s […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-05-20T03:55:30+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup","datePublished":"2018-05-20T03:55:30+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/"},"wordCount":127,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/","name":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-05-20T03:55:30+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Beltone to launch acquisition bid for West African consumer finance provider Oragroup"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":626005,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/","url_meta":{"origin":628985,"position":0},"title":"West African consume finance player Oragroup rejects Beltone acquisition offer","author":"enterpriseam admin","date":"28 August 2018","format":false,"excerpt":"M&A WATCH- Oragroup rejects Beltone acquisition offer: West African consumer finance provider Oragroup has rejected Beltone Financial\u2019s offer to acquire a controlling stake in Oragroup subsidiary Ora Bank, the company said in a statement to the EGX (pdf). According to the statement, Oragroup\u2019s rejection is a result of the two\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567138,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/beltone-to-offload-majority-stake-in-auerbach-grayson-amid-losses\/","url_meta":{"origin":628985,"position":1},"title":"Beltone to offload majority stake in Auerbach Grayson amid losses","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"M&A WATCH- Beltone to offload majority stake in Auerbach Grayson brokerage amid losses: Beltone Financial intends to sell its 60% stake in New York-based brokerage firm Auerbach Grayson before March in a bid to return the company to profitability, CEO Ibrahim Karam told Reuters. The board, which has authorized Karam\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":658092,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/05\/beltone-eyes-majority-stake-in-african-financial-services-provider-boabab-through-put-option-agreement\/","url_meta":{"origin":628985,"position":2},"title":"Beltone eyes majority stake in African financial services provider Boabab through put option agreement","author":"enterpriseam admin","date":"5 January 2025","format":false,"excerpt":"The acquisition is set to drive Beltone\u2019s regional growth strategy through expansions in Africa","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1854.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":685201,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/11\/beltone-completes-eur-197-6-mn-pan-african-baobab-acquisition\/","url_meta":{"origin":628985,"position":3},"title":"Beltone completes EUR 197.6 mn Pan-African Baobab acquisition","author":"enterpriseam admin","date":"11 February 2026","format":false,"excerpt":"Baobab brings immediate scale and infrastructure, with around 50% of its lending already disbursed digitally","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/756.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573300,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/beltone-awaits-us-regulatory-approval-for-auerbach-grayson-sale-to-launch-consumer-finance-arm-within-weeks\/","url_meta":{"origin":628985,"position":4},"title":"Beltone awaits US regulatory approval for Auerbach Grayson sale, to launch consumer finance arm within \u2018weeks\u2019","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"M&A WATCH- Beltone Financial is waiting on US regulatory approval to complete the sale of its 60% stake in New York-based brokerage Auerbach Grayson, according to a bourse filing (pdf). Beltone signed the stake over to an unnamed group of investors in April and expected the regulatory approvals to be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573839,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/beltone-to-launch-three-nbfs-firms-next-month-eyeing-return-to-profitability\/","url_meta":{"origin":628985,"position":5},"title":"Beltone to launch three NBFS firms next month, eyeing return to profitability","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability, CEO Ibrahim Karam said in an interview with Reuters on Tuesday. Beltone will set up a financial leasing company targeting a first-year portfolio of EGP 600 mn, a consumer finance\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628985"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628985\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628968"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628985"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628985"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}