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African Guarantee Fund: four new agreements signed with four African subsidiaries

17/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le lundi 15 mai 2023 a eu lieu la cérémonie de signature de four new portfolio guarantee agreements with four subsidiaries African women from the French banking group Société Générale. These agreements were signed by the African Fund Garantie (AGF),

the partner institution with the French banking group Société Générale since 2019.

Le Fonds africain de Guarantee intends to partially cover the risks associated with the loans to be granted by subsidiaries in Chad, Cameroon, Congo and Madagascar of Société Générale . This is the reason for the agreements signed with his companies yesterday. According to Jules Ngankam, managing director of the African Guarantee Fund, this agreement should not only strengthen the partnership with the financial institutions involved in this operation, but also increase access to finance for corporate clients of

these institutions.
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