Africa is becoming a route to China for Société Générale as the French bank targets Chinese companies doing business in the mineral-rich continent as part of its African expansion strategy.
Bernardo Sanchez Incera, SocGen’s deputy chief executive in charge of international consumer banking, said the group’s expansion in China has been limited by local restrictions.
But it is able to access part of the explosive growth in Chinese commercial activity in Africa, particularly in the sub-Sahara, where Chinese companies are more present than in the north.
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