News
First Farmer-led Company in India raises Capital from Group of European Investors
Sahyadri Farms Post Harvest Care Limited raised Rs.310Crs (almost EUR 40 million) growth capital from a group of impact-focused investors. Incofin, Korys, FMO and Proparco see Sahyadri Farms well-pla...
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Janngo Capital Startup Fund, Africa’s largest gender equal tech VC fund reaches the first close of its €60 mil...
At the eve of the 77th Session of the UN General Assembly (UNGA), Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 million) in capital commitments...
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Proparco and Vitas Group join efforts to support small entrepreneurs in Iraq with a new partnership
The USD 3.95 million portfolio guarantee granted by Proparco marks its first operation with the microfinance sector in Iraq. It testifies to its commitment to supporting the private sector in fragile...
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In Turkey, Proparco and DenizBank join forces to support green projects and farmers
Proparco and DenizBank have successfully signed a 45 million euro senior loan. Thanks to this facility, the Turkish bank will expand its support to green projects (renewable energy and energy efficien...
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Led by Proparco and IFC, Circulate Capital Achieves Third Close for Circulate Capital Ocean Fund I-B
Circulate Capital, the Singapore-based investment-management firm financing high-growth opportunities at the nexus of climate technology, plastic recycling, and the circular economy, announced today a t...
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Proparco supports Ananta Group, a leading apparel producer in Bangladesh
With this USD 13.8M loan, Proparco, the French Development Finance Institution, supports Ananta Huaxiang Limited (AHL), a subsidiary of Ananta Group in Bangladesh, to increase its sweater manufacturin...
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Proparco and EU support financial inclusion in Burkina Faso through funding to ACEP BF
As the French Presidency of the Council of the European Union draws to a close, Proparco and the European Union (EU) announce the granting of a €3 million line of credit in local currency to the micro...
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Vista Bank Burkina joins Proparco's Trade Finance operations guarantee program
The project aims to support the financing of imports of basic necessities in Burkina Faso through a EUR 10 million guarantee envelope on trade finance instruments issued by Vista Bank Burkina. Proparc...
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Proparco, the European Union and Societe Generale Guinea collaborate to support high impact VSEs/SMEs
Proparco, on behalf of the French Development Agency (AFD), has signed a partnership agreement with Societe Generale Guinea within the framework of the EURIZ program implemented thanks to the resource...
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Proparco supports Centenary Bank’s commitment towards Micro, Small and Medium Enterprises (MSMEs) in Uganda
Through a credit line and portfolio guarantees equivalent to UGX 105 billion commitment, Proparco will help boost Centenary Bank’s capacity to support micro, small and medium-sized enterprises (MSMEs)...
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Acquisition of a majority equity stake in Diani Beach Hospital in Kenya alongside Ascent Rift Valley Fund II –...
The investment will continue Diani Beach Hospital’s growth, thus improving healthcare provision for hundreds of thousands of Kenyans living in an underserved part of the country.
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Green Móvil: Proparco and FDN finance the largest e-mobility project in Colombia
This week, at Proparco’s headquarters in Paris, the signing ceremony of the Green Móvil project took place. Only a year after financing the first fleet of electric buses in Bogotá (the “Electribus” pr...
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Proparco invests $15 million in the Indian microfinance institution Annapurna
This investment from Proparco completes a funding round in which Annapurna raised a total of $100 million. This fundraising will allow Annapurna to grow its loan book, invest in technology, expand geo...
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New Blue Loan to Help Bank of Qingdao Pilot Blue Finance, Supporting China’s Climate Goals
Proparco participated in IFC's landmark $150 million blue syndicated loan for Bank of Qingdao (BQD), marking its and IFC's first blue finance investment in China. This new investment will enable BQD t...
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Proparco invests $31,5 million into Kenya's leading modern retailer
Proparco, is pleased to announce its partnership with IBL Group, the largest conglomerate of Mauritius (listed on the Mauritius Stock Exchange), and DEG, a subsidiary of German KfW Group, to jointly a...
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Proparco Completes Pre-Series-A Investment in Moringa Fueling its Expansion across Africa
This investment will aid Moringa to prepare for Series A funding in 2023. Apart from International expansion outside Kenya, the funding from Proparco will also facilitate the broadening of the range o...
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Proparco and Vista Gui sign a USD 10 million trade finance guarantee in Guinea
The project consists in the granting of a USD 10 million envelope to guarantee trade finance instruments issued by Vista Gui, a subsidiary of the Vista banking group, the country's largest bank in ter...
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Credo Bank Attracted EUR 16.5 million from Proparco to Support MSMEs in Georgia
The five-year investment facility aims to provide post pandemic support to micro, small and medium sized enterprises in Georgia, as well as building further resilience to cope with regional uncertaint...
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The European Union and France are supporting the development of responsible financial inclusion in Madagascar,...
On the occasion of the French Presidency of the Council of the European Union, which began on January 1 and ends on June 30, 2022, Proparco and the European Union (EU) are continuing their partnership...
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Tunisian edtech startup GOMYCODE raises $8M Series A, fueling expansion across Africa and the Middle East
Africinvest and Proparco lead round with the participation of Wamda Capital as startup democratizes tech education across Africa and Middle East
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