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EDFI launches new EU-funded guarantee tackling currency convertibility and transferability risks for renewable energy projects

t&c
The EDFI Management Company (EDFI MC) launched a new guarantee facility, the T&C Facility, to cover transferability and convertibility (T&C) risks for renewable energy projects located in countries facing significant foreign exchange reserve constraints. EDFI MC, a common platform established by European DFIs to deliver innovative financing facilities in partnerships with the EU institutions, will administer the facility on behalf of Proparco, for a total amount of EUR 26.2 million.
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Proparco grants a EURIZ guarantee to FNB Namibia to strengthen its support to MSMEs

Signature FNB Namibie
The operation consists of a EURIZ portfolio guarantee of N$ 68m (EUR 4m) to support First National Bank of Namibia Limited (FNB Namibia Ltd) in its financing to high-impact MSMEs. A signing ceremony was held in Windhoek on 19 October 2021, in the presence of representatives from Proparco, FNB Namibia, AFD, the French Embassy and the EU Delegation to Namibia. FNB Namibia is a long-standing partner of Proparco, and AFD Group, having already benefited from two portfolio guarantees in 2011 and 2014.
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Choose Africa launches the FISEA+ facility: a new EUR 210m investment capacity for African MSMEs

Choose Africa - FISEA+
In 2009, AFD Group set up the FISEA facility with the objective of promoting economic growth and the creation of start-ups and MSMEs on the continent. As the initial investment capacity of EUR 250m had been fully invested at the end of 2019, a new facility, FISEA+, took over in early 2021 under the Choose Africa initiative. With an investment capacity of EUR 210m and a technical assistance budget of EUR 21m, FISEA+ will continue to support businesses, either directly or via investment funds.
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