Supporting economic activity and jobs
Societe Generale operates in partnership with international financial institutions in more than 25 countries. These relationships enable it to provide the financing solutions necessary for business development, particularly small and medium-sized businesses.
In Africa, Proparco, a subsidiary of the French Development Agency (AFD), signed a EUR 12.5 million agreement with Societe Generale Tchad in 2014. This came on top of a new financing facility of USD 20 million signed with Ghana, with a commitment to allocate USD 10 million to the agricultural sector. Societe Generale in Ghana is also cooperating with the IFC with a USD 30 million trade finance facility.
These facilities help meet the growing demand from local SMEs for the financing of loans and projects but also help support economic activity and jobs in African countries.