After more than 100 years operating on the continent, Societe Generale has gained excellent knowledge of the region and has acquired extensive experience in supporting both corporate clients and private customers. Building on these historical foundations and its geographic network, the bank is now tapping into a wellspring of talented people who are shaping a dynamic, creative and innovative Africa.
Frédéric Oudéa Chief Executive Officer
Africa is a continent of opportunity undergoing a full-scale revolution. On top of the fantastic energy of Africa’s entrepreneurial ecosystem, we are convinced that growth in Africa will initially come from the private sector and that it is vital that all economic players, including French and African SMEs and mid-cap companies, get on board.
A growth plan for the entire African continent
The Grow with Africa initiative contributes to the sustainable development of Africa, in partnership with territories and local actors as well as international experts, by establishing dialogue, listening and sharing innovative means and approaches.
Societe Generale has identified four development areas that can become growth drivers for broader sectors in the future, mutually enriching each other in operational efficiency:
5 African entities awarded “Best Bank 2019” by Global Finance
Global Finance awarded the Societe Generale subsidiaries in Benin, Cameroon, Côte d'Ivoire, Guinea, Senegal and Benin at the Best Bank 2019 Awards during its 26th edition in Africa. These awards judge, among other things, the financial health, profitability, geographical scope of the activities and also strategic relationships and innovation in their products. They demonstrate the commitment we bring to our customers and partners in Africa. The 5 Best Bank Awards will be presented during the IMF and World Bank Annual Meetings.
Societe Generale is confirming its commitment in Africa and asserting its drive to support businesses. Operating in 18 African countries, the Group benefits from a unique position in the region, enabling us to offer our customers the expertise and knowledge of an international bank and the proximity of a local bank. In Africa, the Group supports local economies and caters to 3.7 million customers, of which 150,000 are corporate clients.
Innovation on the African continent
Societe Generale’s strategy in Africa focuses on innovation. Building on the knowledge that Africa is inventing the bank of the future, Societe Generale aims to be a key player in this revolution, through partnerships, innovation Labs and innovative services.
“Instants Africains” – a sounding board for entrepreneurs
The blog “Instants Africains” (Glimpses from Africa) charts African entrepreneurship seen through the eyes of four African influencers. It is the tale of a continent that takes action, told by those who are making it, experiencing it and shaping it. The blog provides a space for dialogue in which Edith Yah Brou, Diane Audrey Ngako, Florent Youzan and Jean-Marc André share their encounters with the African figures whose entrepreneurial spirit has struck a chord with them.
Commitment in Africa
For over 100 years, Societe Generale has been present in Africa and today counts activities in 18 countries. Beyond our commitment to local economies, the Group also supports and partners numerous charitable associations and projects through its Foundation and other local initiatives encouraging, for example, professional integration, the fight against social insecurity and skills development.