News
In Costa Rica, PROPARCO has reaffirmed its commitment to SMEs to support them during the Covid-19 crisis
To support Banco Promerica during this crisis, PROPARCO has renewed its partnership by granting it a new credit line to finance SMEs, which account for the bulk of the economic fabric in Costa Rica an...
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Proparco grants a $5 million loan to Credo Bank in Georgia
The facility is aimed to support short term needs of the bank’s customers and to weather challenges caused by the COVID-19 pandemic to micro, small and medium sized enterprises in Georgia.
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USD 200+ MILLION CAPITAL INCREASE FOR TCX
Within the framework of the Finance In Common Summit, several development finance institutions and the European Commission join forces to protect households and enterprises in the poorest countries ag...
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European bilateral DFIs and EIB launch €280M financing initiative to support Covid-19 impacted businesses
EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of the Covid-19 pandemic on private sector companies in developing countries.
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Sri Lanka: Supporting SMEs in rural areas with Hatton National Bank
PROPARCO has just allocated a USD 60m credit line to Hatton National Bank to finance loans for small and medium-sized enterprises in Sri Lanka. At least half of this credit line will be earmarked to f...
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Proparco invests in the Egypt-focused LCP Fund II
Through a US$11 million investment in LCP Fund II, Proparco will help bridge the long-term financing gap for Egyptian mid-cap companies.
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Proparco and Bpifrance launch Averroès Africa, their new fund of funds to promote the development of the priva...
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African...
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PROPARCO is supporting a major player in the agriculture sector in Zimbabwe and Zambia
Agriculture is a key sector for social and human development in Zimbabwe and Zambia. It employs 65% and 75% of the population, respectively, and accounts for 15% and 19% of GDP. The sector is a pillar...
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Proparco supports the development of WIOCC to foster the African digital revolution
Through a US$60 million loan granted to the West Indian Ocean Cable Company (WIOCC), a panafrican telecommunications infrastructure company, Proparco further reaffirms its commitment to innovation and...
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AFD group grants a US$100 million loan to Equity Bank to support Kenyan SMEs
This major operation illustrates Proparco’s firm commitment to the African private sector amid current COVID-19 crisis and economic turmoil, with a particular focus on job-creating SMEs, as part of th...
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With VPBank, Proparco supports green projects and SMEs in Vietnam
Proparco signed a USD 50 million loan to VPBank partially dedicated to climate-friendly initiatives, and commits to financing green and energy efficiency projects, as well as supporting SMEs in the co...
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Solarise Africa lands $10m Series B investment to advance clean energy on the continent
Nairobi, August 31st, 2020 - Energy Access Ventures (EAV) is pleased to announce a follow-on investment in Solarise Africa, a pan-African clean energy and energy efficiency leasing company. The round...
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Proparco partners with Vitas Palestine to support individuals and micro-entrepreneurs
Proparco’s $5 million credit line will help the microfinance institution further support the Palestinian private sector and will contribute to financial inclusion, which remains low in the Palestinian...
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In Kazakhstan, PROPARCO is supporting KMF, a microfinance institution very active in rural areas
By allocating KMF a loan in local currency (Kazakh tenge) equivalent to USD 15m, PROPARCO is reiterating its support to a major microfinance player whose clients are mainly rural dwellers.
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Proparco and FMO extend a $50 million loan to BCI in Mozambique
This operation arranged by Proparco will support the bank’s activity towards Mozambican corporates and infrastructure projects, which are core to the country’s development. It illustrates the commitme...
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By renewing its partnership with İş Bank, Proparco supports the agricultural sector in Turkey
Proparco has granted a new 25 million euro credit line to Türkiye İş Bankası (İş Bank). Turkey's leading private bank, with a balance sheet total of more than 69 billion euros, İş Bank is a historical...
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Proparco, Finnfund and Nordic Microfinance Initiative support Proximity Finance in Myanmar
The $14 million investment will enable the microfinance institution to reach more smallholder farmers in Myanmar.
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IFC, IFU and PROPARCO Provide More Than $100 Million in Equity to Improve Healthcare in Egypt and Morocco
IFC, a member of the World Bank Group, IFU, the Danish Investment Fund for Developing countries, and PROPARCO, member of the Agence Française de Développement (AFD) group, are providing an equity fina...
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Proparco takes a 30 M USD stake in pan-African fund AfricInvest IV, dedicated to African SMEs
Through a 30 million USD investment in the first close of AfricInvest’s new multisector private equity fund, Proparco will support the development of strong local and regional consumer-driven business...
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Proparco provides a US$20 million finance facility to T&C Garments
The loan granted to one of Egypt’s top apparel company will support thousands of jobs over the coming years. It will also accelerate the company’s efforts towards better production processes through e...
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