The Johannesburg regional office
Proparco is operating in Southern Africa from a regional office based in Johannesburg in South Africa. To implement its activities, this regional office also rely on the sectorial expertise of Proparco’s Paris based operational departments as well as on the significant African foot-print of the AFD network.
Given the size of the South African economy, its sophisticated financial sector and its active private sector, it is our feeling that the country will continue to be a major catalyst in private sector development in Southern Africa and more broadly all over the African continent.
Proparco, which is operating for many years in Southern Africa, has started its activities in South Africa in 1994.
During the past ten years, Proparco has provided more than EUR 250 million of funding in the region. In South Africa, since 1994, the total commitments of the AFD Group reached EUR 565 million, Proparco’s activities representing nearly a third of this amount.
The regional office of Johannesburg covers the following Southern Africa countries:
South Africa, Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia, Zimbabwe and Madagascar
The office disposes as well of a mandate to follow on the African continent investors based in Southern Africa in a manner of facilitating discussions with the other regional offices of Proparco or with the Paris departments of the Company.
Our corporate mission in Southern Africa and Madagascar
Proparco has developed selective geographical strategies in Southern Africa to fulfil its corporate mission in accordance with the following main objectives shared within the French Development Agency Group:
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To reduce inequalities and fight poverty in order to improve living conditions of the disadvantaged populations.
- Contribute to the Millennium Development Goals on the African continent, while endorsing the NEP
The Group will, in so doing, focus its activities on regional and continental integration, infrastructure developments (including social infrastructures), enhancement of banking and capital markets, job creation and business development as well as the promotion of biodiversity and Clean Development Mechanism (CDM).
In South Africa, these activities are taking place alongside BEE (Black Economic Empowerment) initiatives, and in particular broad-based BEE, aiming at contributing to the economic upliftment of the historically disadvantaged communities.
- For additional information regarding Proparco’s activities in Southern Africa: ‘Our Activities’
- For additional information regarding the projects funded in the region : ‘The Projects’