A loan portfolio guarantee agreement of 5 billion FCFA (about 8 million dollars) was signed between the Gabon Guarantee Company (SGG) and the Bank for Commerce and Entrepreneurship of Gabon (BCEG). The objective is to support

The agreement officially validated on Monday, January 6, 2025 aims to facilitate access to credit for Gabonese entrepreneurs, by supporting the implementation of projects with high added value, in a context where SMEs are struggling to obtain bank financing, while&rsquot ; they represent nearly 90% of the economic fabric. It will allow SGG to guarantee up to 50% of the loans granted to small businesses by the BCEG and should allow the Gabonese bank to mobilize up to 10 billion CFA francs for the benefit of

According to the BCEG, this initiative reflects the Bank's commitment to sustainably supporting local entrepreneurship, promoting an inclusive economic ecosystem, and strengthening trust in financial institutions. The objective is to facilitate access to credit for Gabonese SMEs, key drivers of economic growth in the country, but which have difficulty accessing bank financing. This transaction also aims to secure BCEG's capital while increasing its financing capacity, to stimulate innovation and to support entrepreneurs in the realization of their projects