Proparco - through FISEA+, the AFD Group fund advised by Proparco – signed a USD 5 million investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. This project is part of the French Choose Africa initiative and its Resilience component.

Proparco and Incofin IM announce the successful first closing of the Incofin India Progress Fund (IPF) with over EUR 50 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. In addition to Proparco’s commitment the capital comes from a diverse set of private and institutional investors including Korys, CDC, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.