A EUR 90m loan has just been allocated on this 8 October to SIFCA to finance the agricultural investments of its subsidiaries. Proparco has organized the loan with cofinancing from its Dutch counterpart, FMO, and Société Générale. The project is supporting the growth of a major agro-industrial player and will thereby contribute to the economic and social development of the region. A biomass power plant producing electricity from palm waste will also generate low-carbon electricity.
Proparco and DEG sign a US$150 million loan to The Mauritius Commercial Bank Limited to support corporate and infrastructure projects in Africa
Proparco and DEG signed a US$150 million credit facility to The Mauritius Commercial Bank Limited (MCB) to finance long-term corporate and infrastructure projects in Mauritius and sub-Saharan Africa.
Proparco invests in Merec, a leading producer of flour and wheat-based products in Mozambique. Through this investment, Proparco will enable the company to finance its development and to invest in the country's first industrial bakery.
This USD 50 million loan is part of a USD 100 million financing syndicated by the German development finance institution DEG.