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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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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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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 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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China: Proparco signs two new projects to support women microentrepreneurs in rural areas and finance electri...
PROPARCO has just signed two new loans in China. The first USD 20m loan has been allocated to CD Finance, China’s main microfinance institution in rural areas. It will be exclusively earmarked for acc...
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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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The President of the Republic of Mozambique officially launches the construction works for the Metoro solar po...
A ceremony was held on Friday 23 October 2020 in Metoro, in the north of the country, in the presence of the President of the Republic, Mr. Filipe Nyusi, and the French Ambassador, Mr. David Izzo, to...
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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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PUSH SME, the SME support mechanism of Société Générale, a Choose Africa partner of PROPARCO
Support for African SMEs is central to Société Générale Group’s strategy. In 2018, the Group started deploying “Push SME”, its mechanism to support SMEs in Africa, for a period of four years. As part...
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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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Armstrong
The Armstrong Fund is based in Singapore and invests in small-scale renewable energy projects (solar, hydro, wind and biogas) in Southeast Asia – sectors which are economically viable but lack financi...
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Finance in Common: read the main announcements and declarations of the Summit
All the public development banks will meet for the first time on November 11th and 12th to discuss major international issues. This international event will take place within the framework of the 3rd...
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Private Sector and Development Special Issue: Public Development Banks tackling global challenges
Presentation of the new special issue of Proparco's Private Sector and Development magazine, by Grégory Clemente and Bruno Wenn, respectively CEO of Proparco and President of the EDFI association.
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$4 BILLION FOR AN INCLUSIVE PRIVATE SECTOR RECOVERY IN AFRICA
On the occasion of the high-level event "Africa: Towards a sustainable recovery for the private sector", organised by EDFI as part of the first international summit of public development banks, the fi...
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India: Proparco and GEF Capital (South Asia Growth Fund) support companies' efforts to tackle climate change
Paris, France, July 17, 2023 – Aligning with France’s climate change agenda, Proparco is contributing to finance mitigation and adaptation measures in India via a USD 30m investment in the GEF Capital...
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Proparco supports the modernization of Umm Qasr port infrastructure in Iraq
Proparco grants a $33 million loan to Terminal Link for the renovation of a port infrastructure in Iraq. The project involves the rehabilitation and extension of a container terminal at the port of Um...
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Sabesp, IDB Invest and Proparco support access of 400,000 households to sanitation and depollution of the Rio ...
IDB Invest closed a fully underwritten long-term local currency loan for up to 940 million BRL (approximately USD 200 million) mobilizing half of the facility with the support of PROPARCO, who provide...
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European Union, Proparco and Tamweelcom join efforts to support small businesses in Jordan
While Micro, Small and Medium Enterprises (MSMEs) represent 80% of Jordanian businesses, they are still struggling with access to credit. With a JOD 3.64 million senior loan, the European Union (EU) a...
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Joliba Capital and LBO France announce the first close of Joliba Capital Fund I
The fund will target investment opportunities across Francophone countries in Western and Central Africa to develop small and mid-cap regional champions seeking growth capital and operating expertise.
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ANKA Secures US$5M Funding in pre-Series A Extension to Export Africa
International Finance Corporation (IFC) along with Proparco and French Public Investment Bank to advocate the promotion of Africa’s creative economy to the world
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