Pahal Financial Services Pvt. Ltd. (“Pahal”), a leading microfinance and MSME lender dedicated to providing financial inclusion to underserved communities in India, has successfully raised EUR 12.4MM (~INR 147Cr) in a round led by Proparco (115cr), the private sector financing subsidiary of the French Development Agency (AFD) along with existing investor, Gawa Capital (32cr). This investment will support Pahal’s mission to expand its outreach, strengthen its technology infrastructure, and enhance financial access for low-income households, particularly women entrepreneurs.

Clime Capital has just closed its second fund, bringing together philanthropic, public and private capital. Its aim is to invest at a very early stage in businesses that contribute to accelerating the energy transition in Southeast Asia.

Proparco renewed its strategic partnership with CRDB Bank Plc, Tanzania’s largest financial institution, by granting two new guarantees worth €24 million each, totaling €48 million. This collaboration with a trusted long-term partner is designed to drive growth and support high-impact MSMEs across Tanzania, fueling economic development and job creation.
The signing ceremony took place on March 24th, in Dar es Salaam, in presence of H.E. Anne-Sophie Avé, French Ambassador to Tanzania, Jean Guyonnet-Dupérat, Proparco’s Regional Director for East Africa, Abdulmajid Nsekela, Group Managing Director and Chief Executive Officer of CRDB Bank Plc and the EU Representative in the country, Sebastian Schaber.

Proparco and Equity Group have signed an agreement today, granting technical assistance of one million euros to Equity Group Foundation (EGF) for the implementation of its high-impact project, “Climate Resilient Agri-Food Systems” (CRAFS).

This partnership with a long-standing client, Equity Group, aims to support small Kenyan farmers in the adoption of sustainable practices. The signing ceremony took place today, March 18, 2025, in Nairobi, in the presence of H.E. Arnaud Suquet, French Ambassador to Kenya, Jean Guyonnet-Dupérat, Proparco’s Regional Director for East Africa and Dr. James Mwangi, CEO of Equity Group.