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Idrissa Nassa’s Coris Bank Joins Hands with Canadian Firm to Give A 100 Million Dollar Boost to African Gold Project

Coris Bank International, led by banking giant Idrissa Nassa, has joined hands with Canadian firm Sprott Resource Lending to provide a staggering $100 million financial credit aid to West African Resources Limited, a company that has taken the African market by storm through its exploration and development of undiscovered resources of the African continent.

This move marks an important achievement in the advancement of the Kiaka Gold Project currently underway in Burkina Faso. Along with the involvement of Coris Bank and Sprott Resource Lending, West African Resources is aiming to make rapid and lasting progress in the project. This project holds economic, as well as regional geographical importance since it is set to give a major boost to Burkina Faso’s existing economic status.

In addition to this, an allocation of $100 million dollars for the Kiaka Gold Project displays the current stability and the promising future that this project has. This project is said to be a demonstration of the unwavering commitment that West African Resources Limited has towards improving the socio-economic status of the African continent, step by step.

The Kiaka Gold Project 

The Kiaka Gold Project is mapped out to be a long-term, in-budget business venture which has projected an annual (on average) gold production of 219,000 ounces over the last 18.5 years. West African Resources, a company that has access to a resource base of 12.6 million ounces, holds unshakable confidence in the success of this project, even going as far as to publicly announce (and aim) for an annual output of 400,000 ounces from two of the project’s mines in the year 2025.

Idrissa Nassa, Chairman of Coris Bank, has publicly expressed the unmistakable impact that the Kiaka Gold Project has had on both the economic and the social status of Burkina Faso. He expressed how not only will this be a historic boost in the African country’s economy and current GDP, but it will also give the local communities of the Manga region the social exposure and economic aid that they deserve.

The Quest of Africa 

Coris Bank, under the guidance of Idrissa Nassa, has over the years, successfully established itself as a key player in the African financial services sector, particularly that of the West Africa. The organization continues to pose a dominating presence in African nations like Burkina Faso, Mali, Senegal, Niger, Guinea-Bissau, Benin, Togo, and Cote d’Ivoire. The banking giant has not only geographically studied (and understood) the African continent, but also customized its services to better adapt to the special financial landscapes and requirements of each African country.

Under its strategic growth plan, Coris Bank holds the ambition of further rooting its presence in the unexplored markets of Ivory Coast. The organization wishes to explore (and grasp) the Ivorian market by signing an agreement with Standard Chartered, a UK-based multinational group.

In addition to entering the Ivorian market, through this deal, Coris Bank also aims to enter the country, solidify its presence, and explore the market in Cote d’Ivoire. Through the investment of Standard Chartered’s consumer banking business, Coris Bank appears to be confident of expanding its business empire in the African continent.

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