Africa : our priority
Africa - boosted by its demography and urbanisation - has been experiencing strong growth for several years.The crisis has not had any deep effect on this.
• developing reliable and accessible infrastructure;
• supporting local entrepreneurs ;
• supporting bank and financial intermediation via banks and private equity investment ;
• promoting social and environmental standards in the framework of sustainable growth.
IIn 2010, PROPARCO provided unprecedented support to the private sector in sub-Saharan Africa by investing €420M, that is 45% of its annual funding. Since 2009, PROPARCO’s activity has seen a 60% increase in this region. PROPARCO is the most Africa-oriented development finance institution in Europe.
Finally, PROPARCO manages the Investment and Support Fund for Businesses in Africa (FISEA), one of the main mechanisms of the French Initiative for Growth and Employment in Africa (launched in February 2008). FISEA makes equity investments in businesses, banks and investment funds. It has approved thirteen projects and invested a62.3M in its first eight months of activity.
> Read more about FISEA
In Sub-Saharan Africa, PROPARCO has 4 offices located at Johannesburg, Lagos, Nairobi and Abidjan).
> Read more about the activity of PROPARCO in Southern Africa and Madagascar