Proparco is supporting the transformation of mobility in the Colombian capital by allocating a loan in local currency equivalent to USD 52m. It will finance the replacement of old diesel buses by over 250 electric buses in Bogotá.
Through a US$60 million loan granted to the West Indian Ocean Cable Company (WIOCC), a panafrican telecommunications infrastructure company, Proparco further reaffirms its commitment to innovation and economic growth in the African continent.
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the increase in purchasing power are giving rise to new needs for which a formal, modern and diversified offer is only just beginning to emerge.
Through a US$20 million investment, Proparco is supporting an actor committed to strengthening social cohesion. Vinte's role and impact on Mexican society was celebrated in 2019 by Fortune magazine as one of 52 companies that are changing the world.