Magazine date:
Dec 2012 After only three years, Colina Senegal, a subsidiary of the Moroccan group Saham Finances, is already profitable. In 2011 it reported a net result of worth 110 million FCFA (221 210 USD). Its turnover reached 3.764 billion FCFA (7.5 million USD), up by 45.9% compared to 2010. For, Majdi Yassine, general manager of the company, the strict management of overhead expenses and risk selection are behind this good performance.