Enko Capital-Oronte consortium takes full ownership of Société Générale Mauritania (SGM)

An Enko Capital-Oronte consortium has finalized the 100% acquisition of Société Générale Mauritania (SGM), after regulatory approval by the Central Bank of Mauritania. It marks the exit of French bank Société Générale Group, SGM’s reference shareholder since 2007, from Mauritania. Cyrille Nkontchou, co-founder of Enko Capital, told Africa Private Equity News that “This acquisition reflects our confidence in the potential of the Mauritanian economy and our commitment to investing in a resilient banking sector that supports development.”