Bloom Bank Africa

Bloom Bank Africa

Company type	Private
Industry	Banking, Financial Services
Founded	2019
Founder	Oakwood Africa Investments Limited (OAIL)
Area served	Gambia, Sierra Leone, Liberia (expanding across Africa)
Key people	Gabriel Edgal (Group CEO and Chairman)
Products	Banking services, Trade Finance, SME Banking, Digital Banking
Website	bloombankafrica.com

Bloom Bank Africa is a Pan-African banking institution owned by Oakwood Africa Investments Limited (OAIL), a financial holding company incorporated in Mauritius in 2019. The bank focuses on facilitating trade, financial flows, and capital distribution across Africa, aligning with the objectives of the African Continental Free Trade Area (AfCFTA). It is a member of the Oakwood Green Africa Group, with Gabriel Edgal serving as Group CEO and Chairman. ^[1]

History and Expansion

Bloom Bank Africa was established to support businesses and institutions by providing capital, technology, and financial expertise.

In The Gambia, the bank acquired Skye Bank Gambia and rebranded it as Bloom Bank Africa Gambia Limited in 2019. ^{[2] [3]}

In Sierra Leone, the bank rebranded from Keystone Bank to Bloom Bank Africa Sierra Leone Limited. ^{[4] [5]}

In Liberia, the bank rebranded from Global Bank Liberia Limited to Bloom Bank Africa Liberia Limited. ^{[6] [7]}

The bank has plans for further expansion into Francophone West Africa and other African markets over the next five years.

Operations

Bloom Bank Africa operates as a full-service financial institution with a focus on retail, corporate, and trade finance banking.

Bloom Bank Africa Gambia

• Provides retail and corporate banking solutions tailored to the Gambian market.
• Offers trade finance, SME banking, and digital banking solutions. ^[8]

Bloom Bank Africa Sierra Leone

• Focuses on financial inclusion and economic empowerment.
• Supports small and medium-sized enterprises (SMEs) and corporate clients through tailored financing solutions.
• Engages in government-backed financial initiatives**. ^[9]

Bloom Bank Africa Liberia

• Provides consumer lending, business financing, and trade support services.
• Works on financial inclusion initiatives to enhance banking accessibility in Liberia. ^[10]

Governance

Each subsidiary of Bloom Bank Africa has a separate board of directors, ^{[11] [12]} ensuring localized governance and regulatory compliance.

External links

• Official Website
• Bloom Bank Africa Gambia
• Bloom Bank Africa Sierra Leone
• Bloom Bank Africa Liberia

References

1. "Oakwood Green Africa Ltd, Afreximbank, and GIEPA to Hold 2nd Banjul Trade Roadshow" . Retrieved 2025-02-05.
2. Bloom Bank Africa Gambia Limited (2022-06-22). Rebranding from Skye Bank Gambia to Bloom Bank Africa Gambia Limited . Retrieved 2025-02-05– via YouTube.
3. "Bloom Bank Gambia Launches Digital Banking" . Retrieved 2025-02-05.
4. LEONE, FORUM NEWS SIERRA (2022-12-12). "KeyStone Rebrands to Bloom Bank". Forum News. Retrieved 2025-02-05.
5. "FEDA Invests in Bloom Africa to Support West Africa Expansion" . Retrieved 2025-02-05.
6. "Global Bank Transitions To Bloom Bank Africa". Hot Pepper Liberia. 2024-01-31. Retrieved 2025-02-05.
7. "Oakwood Africa Investment Takes Over Global Bank" . Retrieved 2025-02-05.
8. "Bloom Bank Gambia Launches Digital Banking" . Retrieved 2025-02-05.
9. "Bloom Bank Africa Empowers Liberian Businesses" . Retrieved 2025-02-05.
10. "Bloom Bank Africa Board Members Pay Courtesy Visit to President Boakai" . Retrieved 2025-02-05.
11. "Bloom Bank Africa(Sierra Leone) | Leadership". sl.bloombankafrica.com. Retrieved 2025-02-05.
12. "Bloom Bank Africa(Gambia) | Leadership". www.bloombankafrica.com. Retrieved 2025-02-05.