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SeedCo's new seed maize dryer financed by Proparco inaugurated in Zimbabwe

Inauguration of SeedCo's new facilities in Zimbabwe
President Emmerson Mnangagwa of Zimbabwe and French Ambassador Laurent Chevallier celebrated today the inauguration of a new seed maize dryer, which will greatly increase local farmer’s harvests while contributing to the adaptation of sub-Saharan agriculture to climate change. This seed dryer was financed through a loan granted by Proparco in 2020.
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Proparco and FMO support Tiryaki Agro, Turkey's leading agribusiness

Projet Tiryaki
FMO and Proparco announced today a USD 82.5 mln syndicated facility to support FMO’s long-standing customer Tiryaki Agro, one of Turkey’s leading agricultural commodity traders and supply chain managers. The syndication is led by FMO, the Dutch entrepreneurial development bank, which is committing USD 62.5 mln, with participation from Proparco, committing USD 20mln. The syndicated facility will refinance the DFIs’ existing loan with Tiryaki Agro, while increasing and extending their commitment to continue supporting the company with the working capital needed for its agribusiness operations worldwide.
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Proparco invests in ARAF, the first-of-its-kind equity fund to drive climate adaptation for smallholder farmers across sub-Saharan Africa

Proparco - through FISEA+, the AFD Group fund advised by Proparco – signed a USD 5 million investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. This project is part of the French Choose Africa initiative and its Resilience component.
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Proparco partners with impact manager INCOFIN IM to invest in the rural Indian economy

Clientes d'Annapurna
Proparco and Incofin IM announce the successful first closing of the Incofin India Progress Fund (IPF) with over EUR 50 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. In addition to Proparco’s commitment the capital comes from a diverse set of private and institutional investors including Korys, CDC, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.
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