Côte d’Ivoire : Société Générale opens a $594.3 mln credit line for SMEs
Friday, 24 May 2019 17:34
On May 20, 2019, Société Générale Côte d’Ivoire concluded a XOF350 billion ($594.3 million) loan agreement with the state secretary to the ministry of trade and industry.
The credit line will help support the growth of SMEs that represent close to 80% of the overall companies in Côte d’Ivoire.
The bank initiated a funding strategy for local SMEs in growth sectors. The 2019-2023 strategy is backed by a XOF450 billion funding.
According to a 2017 study by Entrepreneurial Solutions Partners (ESPartners), the funding needs of formal SMEs in Côte d’Ivoire is estimated at XOF3.5 billion.
Chamberline Moko
Live News
-
Cameroon banana exports up 7% in 2025 as CDBM and CDC lead growth
19:59
-
WTO e-commerce moratorium debate puts Africa’s fiscal sovereignty back in focus
19:56
-
Cameroon Opens First Robusta Coffee Post-Harvest Processing Center
19:48
-
Togo to Raise 30 Billion CFA Francs on WAEMU Market Through Bills and Bonds
19:46
-
Togo Ranks Second in Africa on Women’s Legal Frameworks, Behind Mauritius
19:43
-
DR Congo firm Benesha plans syringe factory as Kinshasa demand tops 10 million monthly
19:22
-
Development Partners Pledge Over $200M for DRC Population Census, Exceeding Funding Needs
19:14
-
African Oil Ministers Boycott London Summit Over Local Content and Inclusivity Issues
19:11
-
Burkina Faso Creates New Body to Streamline Business Climate Reforms
18:47
-
WTO Talks in Yaoundé Lay Bare Deepening Fractures in Global Trade
20:47
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Benesha to build medical consumables factory in DR Congo SEZ Project aims to cut imports amid strong demand for devices Factory to produce syringes,...
Donors pledge over $200 million for DR Congo census World Bank, AfDB consider major funding and capacity support Census aims to update data...
African oil ministers to boycott May 2026 London energy summit Protest over lack of inclusivity and weak focus on African priorities Move reflects...
Burkina Faso creates unified body for PPP dialogue, business reforms New framework to streamline institutions and improve public fund use Security...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...