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Public bank: Bpifrance, financial relay of Macron's diplomacy in Africa

16/08/2021
Categories: Sectors

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The parastatal bank headed by Nicolas Dufourcq is working to expand its networks, particularly in East Africa. In less than ten years of existence, Bpifrance has become part of the French diplomatic system in West Africa and Morocco.

The parapublic bank Bpifrance is preparing its annual Bpifrance Inno Generation (BIG) forum which will take place on October 7 at the Accor Arena in Paris, the same week as the Africa-France Summit organized by President Emmanuel Macron in Montpellier.This is the same week as the Africa-France Summit organized by President Emmanuel Macron in Montpellier and the Ambition Africa Summit (October 5 to 6), prepared by the other French economic diplomacy relay, Business France, at the Ministry of the Economy. And Bpifrance will be present at all three events at the same time. Indeed, the bank's role is to finance French companies in France and abroad through loans, guarantees and insurance. It also carries out investment and consulting activities. Having made Africa its priority outside of France, Bpifrance's CEO Nicolas Dufourcq claims to have guaranteed €2.5 billion in business contracts. Bpifrance intends to provide advice to various governments to develop its model. It is also targeting Senegal, where it is setting up an office in Dakar.

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