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SG AFRIQUE CENTRALE FACILITE DE FINANCEMENT

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Chad : € 10,000,000
Congo : € 15,000,000
Cameroon : € 15,000,000
Credit lines : € 40,000,000
Signature date(s)
31/08/2020 : € 10,000,000
31/08/2020 : € 15,000,000
7/09/2020 : € 15,000,000

Summary sheet

Release date
17 December 2018
Status
Reference
Signed | 31/08/2020
20170975
Project name
Promoter - financial intermediary
SG AFRIQUE CENTRALE FACILITE DE FINANCEMENT
SOCIETE GENERALE CAMEROUN,SOCIETE GENERALE CONGO,SOCIETE GENERALE TCHAD SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a regional credit facility with three Central African subsidiaries of Group Société Générale dedicated to the financing of private enterprises in the region with the objective to develop the local private sector.

The project will help the financing of small and medium projects carried out by private enterprises (mostly small and medium sized enterprises).

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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