Share the page

Proparco and Atlantic Group enter into a strategic partnership in Africa

Signature

Published on

Signing ceremony on the occasion of the Africa Forward Summit, organized by France and Kenya in Nairobi on May 11–12. - DR

- As part of the Africa Forward Summit, co-hosted by France and Kenya in Nairobi on May 11–12, Proparco and Atlantic Group signed a Memorandum of Understanding (MoU) to structure a long-term partnership.

- A multisectoral cooperation addressing the real economy: agribusiness, cement, mining, and financial services.

Proparco, the private-sector financing arm of the Agence Française de Développement Group (AFD), and Atlantic Group, leading pan-African organization, announce the signing of a Memorandum of Understanding (MoU) establishing a framework for a strategic partnership.

This partnership reflects a shared ambition: support the high-impact African private-sector players growth and strengthen key sectors driving the continent’s economic transformation, especially financial services, agribusiness, cement and mining industries. Through its multisectoral footprint and presence across several African countries, Atlantic Group plays a significant role in the development of the real economy by contributing to industrialization, employability, and financial inclusion.

Within this framework, Proparco will mobilize its financing instruments, guarantees, and technical assistance solutions to support projects led by Atlantic Group and its subsidiaries as part of a long-term partnership approach.

Proparco’s trust is a recognition of our commitment to developing our markets and promoting local expertise, playing a true drivers role for a more dynamic, structured, and high-performing African private sector. Through this collaboration, Atlantic Group will benefit from strategic support aimed at accelerating its impact in financing and strengthening the key sectors that drive African economic growth, while reinforcing its ambition to sustainably contribute to the transformation of the continent.

Abissa KOUAKOU

  • CEO of Atlantic Group

Atlantic Group embodies exactly the kind of organization Proparco seeks to support: African groups that have steadily built a strong and diversified regional presence in service of the continent’s financial inclusion. Our partnership reflects the conviction that Africa’s great success stories deserve to be amplified further. They are a testament to a continent in motion.

Françoise Lombard

  • CEO of Proparco

This agreement illustrates Proparco’s determination to rely on leading African groups to amplify its impact, as well as Atlantic Group’s commitment to pursuing its development by strengthening its financing and operational capacities in support of African economies.

Back to top of page