This operation arranged by Proparco will support the bank’s activity towards Mozambican corporates and infrastructure projects, which are core to the country’s development. It illustrates the commitment of both Development Finance Institutions to support the private sector in complex environments.
Proparco has granted a new 25 million euro credit line to Türkiye İş Bankası (İş Bank). Turkey's leading private bank, with a balance sheet total of more than 69 billion euros, İş Bank is a historical partner of Proparco, the first credit line between the two institutions having been signed nearly 10 years ago.
Six months after its launch, the Digital Africa seed fund for the development of innovative entrepreneurship in Africa has got off to a promising start. A third of the envelope has already been invested to support digital start-ups, which have benefited from individual financial and technical assistance.