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Review : With the French Presidency of the Council of the European Union, Proparco is stepping up and extending its action

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PFUE
Under the French Presidency of the Council of the European Union, held for six months from 1 January to 30 June 2022, Proparco has significantly stepped up its cooperation activities with the European Union (EU). From cultural and creative industries to renewable energies and including the FISEA+ initiative for African MSMEs… We take a look at four flagship projects launched during this period and supported by the EU.
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Proparco and Vista Gui sign a USD 10 million trade finance guarantee in Guinea

vista gui trade finance guinée
The project consists in the granting of a USD 10 million envelope to guarantee trade finance instruments issued by Vista Gui, a subsidiary of the Vista banking group, the country's largest bank in terms of the size of its network and the second largest contributor to the financing of the economy. This line of credit, with a maturity of 2 years, is intended to support the financing of the import of basic necessities and capital goods in Guinea.
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Proparco Completes Pre-Series-A Investment in Moringa Fueling its Expansion across Africa

Logo Moringa
This investment will aid Moringa to prepare for Series A funding in 2023. Apart from International expansion outside Kenya, the funding from Proparco will also facilitate the broadening of the range of courses offered by Moringa. Currently the institution offers Software Engineering, Data Science and Soft Skills courses with plans to offer courses in UI/UX design in the near future.
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Proparco invests $31,5 million into Kenya's leading modern retailer

Logo Naivas
Proparco, is pleased to announce its partnership with IBL Group, the largest conglomerate of Mauritius (listed on the Mauritius Stock Exchange), and DEG, a subsidiary of German KfW Group, to jointly acquire a 40% interest in Naivas International, which owns 100% of the shares of Naivas Ltd, a leading modern retail chain in Kenya. Successful completion of the transaction is subject to conditions.
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