Bank & Insurance
Hakim Ouzzani (SocGen Ghana) looks to the IFC to expand its SME offering

Hakim Ouzzani (SocGen Ghana) looks to the IFC to expand its SME offering

One of the country's largest banks seeks to gain from the dynamic performance of the sector and is looking to attract $50 million in external financing to support small and medium-sized businesses.

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            ▪ Hakim Ouzzani (SocGen Ghana) looks to the IFC to expand its SME offering

▪ One of the country's largest banks seeks to gain from the dynamic performance of the sector and is looking to attract $50 million in external financing to support small and medium-sized businesses.

http://www.jeuneafriquebusinessplus.com/en/801990/hakim-ouzzani-socgen-ghana-sappuie-sur-lifc-pour-etoffer-son-offre-pme/

06/01/2020 at 17h29, by Aurélie Benoit, updated 07/01/2020

The Moroccan head of Société Générale Ghana, Hakim Ouzzina – who previously held senior executive positions at the Chadian and Algerian divisions – will be able to develop his ambitions for local SMEs. The Ghanaian subsidiary – whose finances are managed by Mohamed Fehri, formerly at the Tunisian branch of UIB – is set to receive up to $50m from the International Finance Corporation (IFC) in the form of a senior loan with a maturity of five years, including one year’s grace period.

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