The World Bank has awarded BFI Groupe, a Tunisian financial software company with a subsidiary in France, a contract worth $3.194 million in Sierra Leone. The contract involves the acquisition and upgrade of the automated cheque processing and clearing systems of the Bank of Sierra Leone. The project is expected to be completed within 18 months. BFI Groupe specializes in banking, capital markets, treasury, and regulatory reporting.
The contract is part of the Second Financial Inclusion Project in Sierra Leone, which is financed by the World Bank. The project aims to improve financial inclusion in the country by upgrading the Bank of Sierra Leone's systems. BFI Groupe's contract involves the implementation of automated cheque processing and clearing systems, which will enhance the efficiency of the bank's operations. The company has over 50 financial clients in Africa and has previously secured similar contracts in Central Africa.
BFI Groupe is registered in Tunis under the name BFI International and has a secondary establishment in Paris. The company has extensive experience in providing financial software solutions to banks and financial institutions. Its expertise includes core banking, capital markets, treasury, and regulatory reporting. BFI Groupe has previously secured contracts worth €815,450 in 2021 for regional banking groups and a contract for the central risk management system of the CEMAC zone.
The Second Financial Inclusion Project in Sierra Leone is aimed at improving financial inclusion in the country. The project involves the upgrade of the Bank of Sierra Leone's systems, including the implementation of a government service bus and works on the T24 central system. The project also includes a contract signed in April 2025 with PCL International for the implementation of a government service bus.
The contract awarded to BFI Groupe is a significant milestone for the company, which has been expanding its presence in Africa. The company's expertise in financial software solutions has enabled it to secure contracts with several banks and financial institutions in the region. The implementation of the automated cheque processing and clearing systems will enhance the efficiency of the Bank of Sierra Leone's operations.
The Bank of Sierra Leone has been working to modernize its systems and improve financial inclusion in the country. The implementation of the automated cheque processing and clearing systems will enable the bank to provide more efficient services to its customers. The project is expected to be completed within 18 months, and BFI Groupe will be responsible for the implementation of the systems.
The contract awarded to BFI Groupe is a testament to the company's expertise in financial software solutions. The company has a strong presence in Africa and has secured contracts with several banks and financial institutions in the region. The implementation of the automated cheque processing and clearing systems will enhance the efficiency of the Bank of Sierra Leone's operations and contribute to the country's financial inclusion efforts.
Key points
- The contract is part of the Second Financial Inclusion Project in Sierra Leone, financed by the World Bank.
- BFI Groupe specializes in banking, capital markets, treasury, and regulatory reporting.
- The project aims to improve financial inclusion in Sierra Leone by upgrading the Bank of Sierra Leone's systems.
