{"id":257,"date":"2023-05-15T09:29:15","date_gmt":"2023-05-15T09:29:15","guid":{"rendered":"https:\/\/demo.oxygenehosting.com\/agf-blog\/?p=257"},"modified":"2026-03-04T11:33:34","modified_gmt":"2026-03-04T11:33:34","slug":"agf-and-societe-generale-boost-support-for-smes-in-cameroon-congo-madagascar-and-chad","status":"publish","type":"post","link":"https:\/\/demo.oxygenehosting.com\/agf-blog\/agf-and-societe-generale-boost-support-for-smes-in-cameroon-congo-madagascar-and-chad\/","title":{"rendered":"AGF and Societe Generale boost support for SMEs in Cameroon, Congo, Madagascar and Chad"},"content":{"rendered":"

African Guarantee Fund and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale signed four new portfolio guarantee agreements through Soci\u00e9t\u00e9 G\u00e9n\u00e9rale subsidiaries: Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Cameroon, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Madagascar, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Congo and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Chad.<\/p>\n

With an initial partnership that commenced in 2019 via a framework agreement, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and African Guarantee Fund are now strengthening the risk-sharing mechanism that facilitates access to finance for Small and Medium Enterprises (SMEs) in Cameroon, Madagascar, Congo and Chad. Supporting SMEs is one of the four pillars of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group’s\u00a0Grow with Africa<\/em>\u00a0initiative, which aims to support the sustainable development of the African continent.<\/p>\n

“This collaborative approach is crucial to us as it supports sustainable development in Africa. As Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group, we are indeed convinced of the need to act collectively, with the territories, local partners and international experts in order to accelerate the positive transformations of the economies in which we operate. These four new agreements should have a concrete impact on Cameroon, Congo, Madagascar and Chad,”<\/em>\u00a0said Mareme Mbaye Ndiaye, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group Regional Director for Central and Eastern Africa.<\/p><\/blockquote>\n

\"\"<\/p><\/blockquote>\n

Commenting on the new engagement, Jules Ngankam, African Guarantee Fund\u2019s Group Chief Executive Officer, said:\u00a0“African Guarantee Fund is pleased to strengthen our partnership with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group’s subsidiaries in Central and East Africa, and particularly in view of the vast impact this will have on Small and Medium-sized Enterprises, in terms of access to financing and job creation. These partnerships demonstrate the commitment of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and African Guarantee Fund towards Africa\u2019s economic growth. In addition, the agreements signed today reinforces our commitment to women-led entrepreneurship and green financing.”<\/em><\/p><\/blockquote>\n

\"\"<\/p><\/blockquote>\n

About Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/strong><\/p>\n

Soci\u00e9t\u00e9 G\u00e9n\u00e9rale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world\u2019s societies and economies, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.<\/p>\n

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:<\/p>\n

-French Retail Banking<\/strong>\u00a0with the SG bank, resulting from the merger of the two Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Cr\u00e9dit du Nord networks, and Boursorama. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;<\/p>\n

-International Retail Banking, Insurance and Financial Services,<\/strong>\u00a0with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets;<\/p>\n

-Global Banking and Investor Solutions,<\/strong>\u00a0which offers recognised expertise, key international locations and integrated solutions.<\/p>\n

Soci\u00e9t\u00e9 G\u00e9n\u00e9rale is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).<\/p>\n

In case of doubt regarding the authenticity of this press release, please go to the end of\u00a0Societe Generale\u2019s newsroom page<\/a>\u00a0where official Press Releases sent by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale can be certified using blockchain technology. A link will allow you to check the document\u2019s legitimacy directly on the web page.<\/p>\n

For more information, you can follow us on Twitter\u00a0@societegenerale<\/a>\u00a0or visit our website\u00a0societegenerale.com<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

These partnerships will jointly unlock financing of up to USD 100 million for SMEs, scaling up their operations and growing their revenues.<\/p>\n","protected":false},"author":3,"featured_media":259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,2],"tags":[33,25],"class_list":["post-257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","category-women-and-youth","tag-partnerships","tag-sme-financing"],"acf":[],"_links":{"self":[{"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/posts\/257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/comments?post=257"}],"version-history":[{"count":1,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/posts\/257\/revisions"}],"predecessor-version":[{"id":267,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/posts\/257\/revisions\/267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/media\/259"}],"wp:attachment":[{"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/media?parent=257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/categories?post=257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/agf-blog\/wp-json\/wp\/v2\/tags?post=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}