Proparco has just signed a financing agreement with Agence de Crédit pour l’Entreprise Privée au Cameroun S.A. (ACEP Cameroun, or Cameroon Private Enterprise Credit Agency), a member of the pan-African microfinance network ACEP International. The local currency loan of 2bn CFA francs (equal to €3m) will go to support the expansion of ACEP Cameroun’s work in Cameroon, with SMEs in the countryside as primary targets.
In connection with Les Rencontres Africa 2017, an event held in Abidjan from 2 to 4 October 2017 , Proparco signed a new agreement with Teyliom on 2 October to provide €8.5m in funding for the construction of an upscale hotel in Niamey under the Noom brand name.
Proparco has granted a $15 million loan to ENYI Hotel Hospitality to build a business hotel complex in Addis Ababa. The hotel will operate under the Pullman brand of French company Accor. This is Proparco’s first project in Ethiopia in several years, and is being financed in conjunction with regional and local partners.
The two institutions have committed US$ 58 million each for two 50 MW solar photovoltaic power plants.
Yesterday Proparco granted a €15 million subordinated loan to Manuchar, a Belgian-based commodities trading and logistics company. These funds will enable Manuchar to grow the business and enhance the storage facilities of two of its agri-food subsidiaries in Brazil and Vietnam.