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Proparco and Digital Africa join forces to provide a range of financing solutions for startups "Made in Africa"

As part of its 2022-2025 roadmap, Digital Africa will support 200 African startups at different stages of their growth with a wide range of offers at their disposal. Thanks to a joint and sustainable mobilization with Proparco, new investment and support mechanisms are implemented to support tech startups “Made in Africa”.
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The European Union and France are supporting the development of responsible financial inclusion in Madagascar, through a financing from Proparco to AccèsBanque Madagascar

microfinance, Madagascar, EFSD, Union européenne, inclusion financière
On the occasion of the French Presidency of the Council of the European Union, which began on January 1 and ends on June 30, 2022, Proparco and the European Union (EU) are continuing their partnership with the granting of a line of credit equivalent to €5 million in ariary to the Malagasy microfinance bank, AccèsBanque Madagascar (ABM). This line of credit will be guaranteed by funds from the European Fund for Sustainable Development (EFSD), the EU's private sector support tool, implemented by Proparco. The Currency Exchange Fund N.V. (“TCX”) is providing the currency hedge that eliminates the FX risk of the credit line. With its “EU Market Creation Facility – Pricing Component”, which also benefits from an EFSD guarantee, TCX can offer the hedge at concessional pricing in sub-Saharan countries.
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Proparco increases its support to Ivorian MSMEs

Côte d'Ivoire - Signatures garanties 2022
On the occasion of the first visit to Côte d'Ivoire of Proparco's new CEO Françoise Lombard, Proparco granted 6 portfolio guarantees to Société Générale Côte d'Ivoire, Ecobank Côte d'Ivoire and Advans Côte d'Ivoire amounting to a total of 30.7 million euros, i.e. more than 19 billion CFA francs. These guarantees will enable the three financial institutions to increase their financing activity for MSMEs in the country.
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