IFC, FMO and Proparco are supporting Sama Al-Manar, a subsidiary of Türkiye-based Tiryaki Agro, in developing a new state-of-the-art agro-industrial complex in Iraq's Umm Qasr Port, including a soybean crushing plant and warehouses, which will help bolster food security, create jobs, and diversify the country’s economy away from fossil fuels.

A syndicate of European Development Finance Institutions (EDFIs) led by Proparco, and including Norfund, DEG, FMO and EFP, has announced a US$200 million Sustainability-Linked Loan to support Ecobank Group’s Sustainability and Climate strategy. This is a significant milestone as it is the first ever sustainability-linked loan to a sub-Saharan African financial institution. The facility is linked to two major climate commitments including Climate Disclosures and the definition of a Climate Strategy.

The facility also includes a Climate Action Plan. Proparco, in partnership with the German consulting firm IPC, will provide long-term advisory support to Ecobank Transnational Incorporated’s teams to achieve these ambitious targets.

Together with Mauritian conglomerate IBL, Proparco has closed the acquisition of a majority stake in Harley's, alongside the founding family. Proparco’s goal is to expand the supply of medicine and health products in Kenya, Uganda and Tanzania.

Development Finance Institutions, British International Investment ("BII"), FMO, and Proparco, and renewable fund manager Frontier Energy today announced a co-investment of over $52 million for Planet Solar, a greenfield 50MW solar power project in Sierra Leone, developed by Frontier Energy and Planet One. The co-investment enables the development of a critical project that stimulates investment in renewable energy - responding to the urgent need for access to clean, affordable and stable power.

Dakar Mobilité, a Senegalese company owned by Meridiam and the Fonds souverain d'Investissements stratégiques du Sénégal (FONSIS), has raised €135 million needed to deploy Dakar's future electric BRT bus network. Proparco, EAIF, PIDG TA (Technical Assistance) and the European Union (EU) joined forces to secure the financing.

With COP28 taking place in Dubai from 30 November to 12 December 2023, Arnaud Uzabiaga, Head of Proparco’s Impacts Division, explains how Agence Française de Développement's private sector arm is ramping up its commitment to achieving the targets set at the summit.

Proparco has just granted a five year $75 million senior credit line to Banco Daycoval, a financial institution committed to supporting SMEs. This new partnership, announced following FELABAN's 57th Annual General Meeting, aims to support the development of the Brazilian bank's portfolio of climate co-benefit loans.

Proparco has just granted a senior loan equivalent in Dominican Pesos (DOP) of $15 million dollars to Banco Multiple Ademi, S.A. (Banco Ademi), the leading Dominican microfinance institution. This new financing, announced on the occasion of FELABAN's 57th Annual Meeting, aims to support access to financial services for micro-entrepreneurs.

Initiatives by farmers, local people and businesses in Armenia to maintain and develop rural areas are growing, with the support of AFD Group. We report on two projects supported by Proparco, the Group's private sector arm, and Agence Française de Développement: one to support the agricultural sector and the other to improve energy efficiency in housing.

To mark World Food Day on October 16, the 39th issue of Proparco’s Private Sector & Development magazine is devoted to food security.