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In Nairobi, Emmanuel Macron announced the launch of Choose Africa, EUR 2.5 billion committed until 2022 to accelerate the growth of SMEs in Africa.

Logo Choose Africa
Choose Africa fulfils the ambition and the commitment of the President of France, Emmanuel Macron, to support the African entrepreneurial and innovation impetus. This initiative, powered by the AFD Group, will invest €2.5 billion into financing and supporting start-ups and micro-, small and medium-sized enterprises by the year 2022.

All the instruments of the AFD Group (Agence Française de Développement and its private sector financing-arm, Proparco) will be mobilised in order to support close to 10,000 African businesses at various stage of their development.
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One Planet Summit in Nairobi: PROPARCO’s commitment alongside private players with figures and examples

KENYA
After France in 2017 and the USA in 2018, the One Planet coalition is meeting for the third time on 14 March in Kenya. This edition focused on Africa will aim to speed up mobilization for low-carbon development in African countries.
With EUR 1.2bn of financing since 2017, PROPARCO has made the climate a structural priority for its activity and is committed to speeding up the impact of private projects on the fight against climate change in Africa.
The figures and examples speak for themselves, with 4 flagship projects financed in Africa and in particular in Kenya.
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The Nachtigal project received the Global Multilateral Deal of the Year award

PFI Awards 2018
The Nachtigal hydroelectric dam project in Cameroon received the Global Multilateral Deal of the Year award from Thomson Reuters - Project Finance International (PFI) on February 6. The AFD Group, which granted €150 million to the project, and Proparco in particular, arranger of the debt of European development banks, played a major role in this operation.
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