AFG Bank and Endeavour Mining partner to secure compensation payments for Ivorian mining project
Canadian mining group Endeavour Mining and AFG Bank C么te d'Ivoire have partnered to manage the banking and payment of over 28 billion CFA francs in compensation to more than 1,150 individuals affected by a large-scale gold project in eastern C么te d'Ivoire. The agreement, signed on August 26 in Abidjan by AFG Bank and Soci茅t茅 des Mines d'Assafo-Dibibango SMAD, Endeavour's local subsidiary, aims to ensure the security and traceability of the entire compensation process for local communities in the Tanda department, Gontougo region. Due to the large number of affected individuals and their geographical dispersion, SMAD has tasked the private bank with opening dedicated accounts to guarantee secure and transparent access to the compensatory funds outlined in the project's resettlement plan. Laetitia Gadegbeku Ouattara, Vice-President of Public Affairs C么te d'Ivoire at Endeavour Mining, stated that the Assafo-Dibibango project will be one of the largest gold projects in C么te d'Ivoire and Endeavour Mining's biggest investment to date. The project received environmental authorizations from the Ministry of Environment and Ecological Transition in November 2025. Zodj茅 Kon茅, Deputy General Manager of AFG Bank C么te d'Ivoire, highlighted that this agreement will accelerate financial inclusion in previously underserved rural areas, leveraging the bank's network of 88 local branches. Endeavour Mining, a key player in West Africa's mining sector with operations in Senegal, C么te d'Ivoire, an
