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Choose Africa: AFD Group mobilizes an additional 1 billion euros to support MSMEs affected by the crisis in Africa

Visuel Choose africa resilience ENG
To mark the 3rd anniversary of the Ouagadougou speech during which the French President, Emmanuel Macron, announced a strong commitment by France alongside African entrepreneurs, AFD Group has committed to mobilize an additional EUR 1bn under the Choose Africa initiative. This new component, Resilience, is implemented by Proparco, the Group’s private sector financing arm, and will meet the needs of African MSMEs that have been hard hit by the health and economic crises related to the Covid-19 pandemic. This initiative was initially set at EUR 2.5bn for 2018-2022 and now stands at EUR 3.5bn.
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