Proparco invests in the development of higher education in Africa

published on 11 September 2019
Multi-country Africa
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Etudiant diplômé
Through a US$7 million investment in the development of a university platform covering several sub-Saharan African countries, Proparco is promoting the growth of a quality educational offer adapted to the needs of local economies.

Proparco's participation in Africa Education Holdings (AEH)'s capital increase will support the development of this platform, which is currently present in Zambia and Uganda. The aim of AEH is to acquire new universities, build additional accommodation capacity and renovate several campuses and offer academic programmes adapted to the needs of the target countries: IT, business, accounting, medicine, law, etc.

This operation will also contribute to the effective dissemination of the best educational standards on the continent.

Access to education, a priority for AFD Group and the international community

This investment is expected to enable AEH to train nearly 43,000 students over the next 5 years and to support more than 2,000 direct and indirect jobs.

As with the operations carried out in recent years in support of the ESPRIT School in Tunisia and the PUCMM University in the Dominican Republic, this investment illustrates Proparco's long-term commitment to higher education.

It also reflects the significant resources deployed by AFD Group to support education in developing countries, in line with the priority given by France to this strategic objective.