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Tunisie Leasing: a strategy honing in on the needs of its customers
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Tunisie Leasing & Factoring is a long-standing partner of Proparco. It offers both movable and immovable leasing finance solutions to SMEs. With Choose Africa, many SMEs can finance their investments and their diversification projects.
Interview with Mr. Atef Snoussi, Director of the Tunisie Leasing commercial network.
Bigot Flowers Kenya: limiting the impacts of COVID-19
PUSH SME: Société Générale’s SME support facility in Côte d’Ivoire
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Support for African SMEs is central to Société Générale Group’s strategy. In 2018, the Group started deploying “Push SME”, its mechanism to support SMEs in Africa, for a period of four years. As part of this strategy, the subsidiary of Société Générale in Côte d’Ivoire (SGCI) aims to play an active role in building a sector of successful SMEs able to drive economic growth in the country.
Mr. Assane KAH, SME Market Manager at Société Générale Côte d’Ivoire, tells us all about it.
Support for African SMEs is central to Société Générale Group’s strategy. In 2018, the Group started deploying “Push SME”, its mechanism to support SMEs in Africa, for a period of four years. As part of this strategy, the subsidiary of Société Générale in Côte d’Ivoire (SGCI) aims to play an active role in building a sector of successful SMEs able to drive economic growth in the country.
Mr. Assane KAH, SME Market Manager at Société Générale Côte d’Ivoire, tells us all about it.
Equity Bank: strong commitment to Kenyan SMEs
JUMO: fintech helping out African entrepreneurs
Legacy Girls College: shaping Ghana’s future
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Legacy Girls College has been educating a new generation of Ghanaian women since 2015, based on solid values such as integrity, responsibility and excellence. To finance its expansion, it is receiving support from the Oasis African Fund, in which the FISEA fund, managed by Proparco, has invested.
LYNK: a start-up supporting informal workers
Aurora: a school with social impact in the DRC
Lysa & Co: an SME with a women’s touch
ENDA: microcredit for Tunisian women
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Enda is the benchmark microfinance institution in Tunisia. Today, it offers tailor-made solutions to financially empower marginalized people, and especially women. Besides providing financial support, Proparco helps Enda take gender equality into account in its strategies and structure.
Since 2018, Choose Africa has been supporting African start-ups and MSMEs so that they can play their fundamental role of job creation, economic growth, and innovation. Below are some engaging stories about the companies supported.
The stories behind the start-ups and MSMEs
supported by Choose Africa
businesses and tens of thousands of micro-entrepreneurs will benefit from the €2 billion already committed
businesses and tens of thousands of micro-entrepreneurs will benefit from the €2 billion already committed
Within the next 5 years
Our impact in figures
for African companies
already committed
BN €2
As of September 1, 2020
A positive mid-term
assessment for Choose Africa
The aim of the Resilience component is to respond to the needs of MSMEs in Africa that are severely affected by the economic consequences of the COVID-19 crisis. It strengthens the Choose Africa Initiative by offering products adapted to the crisis situation: loans, guarantees, equity investments and technical support.
A new component to
support economic
recovery
A heightened financial commitment and the implementation of targeted tools
Grégory Clemente,
CEO of Proparco
“The exceptional difficulties and needs expressed by African MSMEs, including those of French entrepreneurs in Africa, called for a heightened financial commitment and the implementation of new and targeted tools. Support from the French government now allows us to implement a new component of the Choose Africa Initiative, with a set of solutions adapted to meet the needs stemming from the crisis. This initiative is being deployed in partnership with local financial systems.”
Grégory Clemente, CEO of Proparco
MSMEs in Africa
to help boost
in extra funds
€1 BN
Resilience component
To deal with the economic crisis sparked by COVID-19, Agence Française de Développement Group (AFD and Proparco) is stepping up its actions by implementing a new component of the Choose Africa Initiative: the Resilience component.
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Photo credits:
From header, in descending order: Proparco/Clément Tardif, AFD/Alain Goulard, Proparco/Clément Tardif, Proparco/Oriane Zerah, AFD/Chiara Frisone, Proparco/Oriane Zerah; Start-up stories: Proparco/Oriane Zerah, Proparco/Clément Tardif, Proparco/Welike Agency, Proparco/Backdrop Agency, Proparco/Wilfried Antoine Desveaux, AFD/Chiara Frisone, Davasha Photography, AFD/Chiara Frisone, Tunisie Leasing, Campus AFD, Proparco/Fredrich Ochieng.
Digital production:
Editorial and graphic design:
TAKES A NEW STEP
