News
Proparco renews its support to Advans Cameroun, a financial institution serving micro-entrepreneurs
After an ARIZ TPE MINKA portfolio guarantee granted in April 2019, Proparco is renewing its support to Advans Cameroun with a €2 million guarantee as part of AFD Group's Choose Africa Resilience initi...
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Proparco and UIB strengthen their support to Tunisian entrepreneurs affected by the crisis
By granting an exceptional guarantee of one million euros to Union Internationale de Banques (UIB), Proparco confirms the strength of its partnership with this key player in the economic development o...
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AFD Group invests $10 million in African Rivers Fund III to support SMEs in the DRC, Uganda and Angola
After having already invested USD 5 million in the African Rivers Fund (ARF) in 2016, AFD Group renews its support to the XSML management team by investing USD 10 million in its third fund, African Ri...
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In Turkey, Proparco supports Sanko Group in its sustainability strategy
The operation consists of a EUR 37 million senior facility granted by Proparco to support Sanko Group, one of the biggest Turkish conglomerates, mainly operating in textile, energy, cement and packagi...
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Proparco joins a consortium of new lenders for the pioneering Djermaya Solar project in Chad
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) announced today the participation of its sister PIDG company, the Emerging Africa Infrastructure Fund (EAIF) alongside Propa...
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Proparco supports the Nigerian bank FCMB to strengthen its commitment to high-impact SMEs and climate projects
The operation consists of a USD 35 million loan and a EURIZ portfolio guarantee of NGN 5 billion (EUR 10 million equivalent) to support First City Monument Bank Ltd (FCMB) strategy to serve high-impac...
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Proparco and Adenia acquire Overseas Catering Services
Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco to buy Overseas Catering Services (OCS), a leading corporate catering and related services provider in Africa an...
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Proparco and the WAEMU CRRH join forces to promote access to affordable housing for low-income populations
On November 25, 2021, the two institutions formalized their partnership in Lomé with a 40 million euro loan from Proparco to the West African Economic and Monetary Union (WAEMU, also known by its Fren...
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In Togo, the Agence Française de Développement Group reaffirms its support to the private sector with Ecobank ...
On the occasion of the visit to Togo of Rémy Rioux, Chief Executive Officer of Agence Française de Développement (AFD) and President of Proparco, a Memorandum of Understanding was signed today with Ec...
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In Uzbekistan, Proparco supports Ipak Yuli Bank in its activities in favor of MSMEs and impact projects
The operation consists of a USD 30 million multi-currency senior credit line (available in USD or in Uzbek soum - UZS) granted by Proparco to support Ipak Yuli Bank in strengthening its credit offer d...
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AFD Group further reinforces its support for South Africa’s low carbon ambition
AFD Group and FirstRand Limited’s wholly owned subsidiary FirstRand Bank (‘the bank”) have signed a Memorandum of Understanding covering the provision of a $100 million loan to help the South African...
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Proparco and Standard Bank South Africa strengthen their partnership to increase access to finance for small b...
Proparco and Standard Bank signed two guarantee agreements for €28.5 million in Johannesburg today during Proparco’s Deputy CEO, Djalal Khimdjee’s visit to South Africa. The guarantees are in line wit...
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Proparco participates in the financing of solar power plants in Burkina Faso
The Dutch development finance institution FMO has announced that it has finalized the financing and contracting for the construction and operation of four solar power plants in Burkina Faso. Proparco...
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Proparco supports Scavi, a world-leading apparel supplier based in Vietnam pioneering sustainability in the re...
Through a $10 million loan, the third operation in a 15-year-long partnership, Proparco will contribute to Scavi’s growth and transition to 4.0 manufacturing.
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IFC, Proparco and EAIF Invest in Cement Producer CIMAF to Meet Rising Demand in West Africa
IFC, Proparco and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l'Afrique (CIMAF), a subsidiary of Omnium des Industries et de la Promotion (OIP), to help the company boost...
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EDFI launches new EU-funded guarantee tackling currency convertibility and transferability risks for renewable...
The EDFI Management Company (EDFI MC) launched a new guarantee facility, the T&C Facility, to cover transferability and convertibility (T&C) risks for renewable energy projects located in countries fa...
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Proparco strengthens its partnership with Equity Bank to support an increased number of MSMEs in Kenya
In line with the Choose Africa initiative and as part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank...
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Agence Française de Développement Group and the ILO join hands to provide access to inclusive insurance for th...
Agence Française de Développement (AFD) and its subsidiary PROPARCO have recently signed two new projects in partnership with the International Labour Organization (ILO), which is recognized for its e...
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Quds Bank, Proparco and the European Union join efforts to support SME financing and high impact companies in ...
Quds Bank and Proparco (AFD Group) signed the first risk sharing agreement under the EU MENA SME Facility. This operation will support Quds Bank in lending the equivalent of 2 million euros to SMEs wi...
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Proparco and CDP support the microfinance institution PAMECAS in Senegal
Through loans totaling €8 million (more than 5 billion FCFA), the French and Italian development finance institutions will enable PAMECAS to grant more than 3,800 additional micro-credits. This projec...
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