News
Metier-led consortium invests US$36 million into AMN to expand coverage in remote rural Africa
A consortium led by Metier, an independent African private equity fund manager, has invested US$36 million into Africa Mobile Networks Ltd (“AMN”). The consortium includes CDC Group (the UK’s developm...
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IDB Invest, Proparco, FinDev Canada and Sofisa support SMEs in Brazil by facilitating access to financing
IDB Invest, a member of the IDB Group, has provided financing for US$200 million to Banco Sofisa S.A. (Sofisa) in Brazil, together with Proparco and FinDev Canada. The proceeds will contribute to incr...
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Proparco invests in Bank of Palestine to foster inclusive growth in Palestine
Bank of Palestine (BOP) and Proparco jointly announced today the signing of an agreement that will see FISEA (the AFD Group fund advised by Proparco), invest USD 12 million in Bank of Palestine throug...
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In Ecuador, PROPARCO has signed two new projects in the agribusiness and telecoms sectors
By allocating a USD 15m loan to SONGA, a shrimp producer, and a USD 25m loan to Phoenix Tower International Ecuador (PTIE), a telecoms company, PROPARCO has reiterated its support to Ecuador’s private...
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Proparco and National Bank of Iraq have signed a $10 Million Trade Finance Guarantee
Proparco has just granted a trade finance guarantee for $10 million to National Bank of Iraq (NBI). This project is the first collaboration between Proparco and NBI and will support local importers in...
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Proparco, IFC, DEG and DFC Support South African COVID-19 Vaccine Maker, Aspen
To support the development of vaccines for African countries, Proparco, IFC, DEG - the German development finance institution, and the U.S. International Development Finance Corporation (DFC) today an...
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Proparco participates in Berkeley Energy’s new Africa Renewable Energy Fund II
The €130 million fund will focus on the development, construction, and operation of renewable energy assets and technologies across Sub-Saharan Africa.
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IVORY COAST : Proparco and EAIF partner to finance the first biomass plant with grid injection in Africa
During the visit to Côte d’Ivoire by Mr. Jean-Yves Le Drian, the French Minister for Europe and Foreign Affairs, Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a 165M EUR proj...
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Proparco and Ecobank Liberia have signed a USD 10M Trade Finance guarantee
After a pilot Trade Finance project launched in 2017 with Ecobank Group subsidiaries in Mali, Burkina Faso, Guinea and Côte d'Ivoire (and their French subsidiary as confirming bank), PROPARCO has just...
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Proparco supports the growth of the Vitalis Group, a leading pharmaceutical company in Latin America
Proparco, alongside Acon Investments, DEG and FMO, acquired the Vitalis Group (Vitalis), a leading manufacturer and distributor of generic injectable pharmaceuticals with production facilities in Colo...
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Proparco supports the development of Global Tea in Kenya and Malawi
Proparco, Si Advisers LLP ('Si') and IFU have signed an agreement to provide growth capital to Global Tea & Commodities (‘Global Tea’), a tea, coffee, and macadamia business with operations in Kenya a...
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Côte d'Ivoire: PROPARCO is strengthening its partnership with ADVANS-CI, ECOBANK-CI and SIB to support Ivorian...
During the visit to Côte d’Ivoire by Mr. Franck Riester, the French Minister Delegate for Foreign Trade and Economic Attractiveness, PROPARCO and the financial institutions ADVANS-CI, ECOBANK-CI and S...
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Proparco subscribes to a social and green bond issued by Symbiotics
Proparco has just made a USD 5m subscription to a social and green bond issued by Symbiotics for a total amount of USD 14.5m. The proceeds from the bond will be onlent to the Armenian bank Araratbank...
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Proparco, IFC and Cerba Lancet Africa Partner to Expand Diagnostic Capacity, Support COVID-19 Response in Afri...
To strengthen diagnostic capacity and the health response to COVID-19 in Africa, including in some of the continent’s poorest and most fragile countries, IFC, Proparco, and Cerba Lancet Africa today a...
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IFC, Proparco, DEG and DFC to Support COVID-19 Vaccine and Pharma Manufacturing in Africa
To strengthen Africa’s vaccine and pharmaceutical development and to accelerate the continent’s recovery from the COVID-19 pandemic, the International Finance Corporation (IFC), Proparco, the German D...
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Proparco supports d.light's, a global leader in solar energy
Proparco’s equity funding will enable d.light to provide energy access to millions of people living without reliable energy access
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Proparco participates in the first close of Ascent Rift Valley Fund II
African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target...
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Proparco, EIB and EBRD provide €87.4 million for construction of Total Eren’s solar power plant in Uzbekistan
The government of Uzbekistan’s plans to develop 8 GW of solar and wind capacity by 2030 have received a major boost following the approval of an €87.4 million financing package jointly organised by th...
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Proparco and the NSIA Group support Ivorian MSMEs affected by the covid-19 crisis
On the occasion of the visit of the French Minister of Economy and Finance, Mr. Bruno Le Maire, Proparco and the NSIA Group have signed a new partnership to finance Ivorian companies. The Choose Afric...
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Proparco is helping COFINA structure agricultural sectors in Burkina Faso
Fatoumata Sissoko-Sy, PROPARCO’s Regional Director for West Africa, and Dramane Bazié, Chief Executive Officer of COFINA Burkina Faso, have signed a Technical Assistance project to finance the agricul...
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