January 22, 2025

Strategic collaboration agreement for vehicle sales and financing in sub-Saharan Africa

An top body picture in a suit with a car key in his hand

Stellantis – a leading global automaker and provider of innovative mobility solutions – Société Générale bank and distributor Caetano Squadra Africa, SA (a Salvador Caetano Group company) have signed a strategic collaboration agreement aimed at facilitating the sale and financing of Stellantis vehicles on the African continent.

Under this agreement, the parties undertake to work closely together to offer customers a comprehensive range of competitive financial services, in accordance with local laws, applicable credit policies and the market needs of each country concerned. This range of services includes loans, leasing and financial rental contracts, and the sale of complementary solutions such as insurance products.

The collaboration will be based on the will to develop synergies with a view to evaluating and extending the scope of this commercial partnership. Stellantis will also be able to offer subsidy programmes for commercial purposes, with the participation of Caetano, and in conjunction with Société Générale.

“This agreement aims to open up new prospects in the African automotive market by offering innovative financing solutions for Stellantis vehicles. The aim is to create even more value and opportunities for Stellantis customers and dealers in sub-Saharan Africa,” says Marc de Kergariou, director of Stellantis Sub-Saharan Africa.

“Alongside two strategic partners, Societe Generale is enriching its offer in sub-Saharan Africa and accompanying the transformation of the automotive sector and the changing needs of its customers,” comments Philippe Dubois, head of corporate for International Retail Banking: Africa, Mediterranean Basin & Overseas at Société Générale Group.

Adds Gabriel Almeida, COO of Salvador Caetano Africa, “We are delighted to have signed this strategic collaboration agreement with Stellantis, which represents an important step in our ongoing commitment to offer mobility solutions – meeting the evolving needs of our customers across the African continent.”

Image credit: prostooleh/Freepik

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