Proparco, a subsidiary of Agence Française de Développement (AFD) Group, has invested USD 5 million in Omnivore’s third fund, the Omnivore Agritech & Climate Sustainability Fund. Omnivore supports visionary founders advancing agrifood resilience, driving rural transformation, and catalyzing climate action across India and Southeast Asia. The VC firm’s latest investments include Fibmold, Optimo, Sid’s Farm, and Scimplify.

To support the production and distribution of life-saving medicines and vaccines in Africa, IFC; Proparco; the German Development Finance Institution (DEG); and the U.S. International Development Finance Corporation (DFC), today announced a joint financing package for Aspen Pharmacare Holdings Limited (Aspen).

Proparco grants a €1 million ARIZ TPE portfolio guarantee to Karandaaz, a non-profit organization based in Pakistan. This guarantee will enhance access to financing for micro, small, and medium enterprises (MSMEs) in Pakistan, with a special focus on women-led businesses and climate-related ventures. The agreement was formalized during a signing ceremony held in Islamabad.

Proparco has just granted a €400k loan to Rubyx through the Bridge by Digital Africa facility. This will enable the African start-up to roll out more rapidly its new algorithmic loan offering for start-ups and microfinance institutions on the continent.

Scatec and Toyota Tsusho – Aeolus join forces for Tunisia solar projects,
Scatec ASA, a leading renewable energy provider, and Aeolus SAS, part of the Japanese conglomerate Toyota Tsusho Group, have signed a partnership agreement to jointly develop and own renewable energy projects in Tunisia. In parallel, financial close has been achieved for the 120 MW Sidi Bouzid and Tozeur solar projects (each 60 MW), which are part of the partnership agreement. Scatec will now start construction of the projects. Proparco and European Bank of Reconstruction and Development (EBRD) are supporting this project actively.

The Mauritius Commercial Bank Limited (MCB) joins the Trade Finance program of Proparco as a confirming bank (primary beneficiary of guarantees issued by Proparco). The program will assist MCB to increase its confirmation capacity with Proparco's issuing banks network, thus boosting import capacity and intra-African trade flows.

Proparco has granted RE&UP Recycling Technologies, a circular-tech textile recycling venture of SANKO Group, a senior loan that will enable RE&UP to scale its next-gen recycle fiber production and textile recycling capacity, while reducing its carbon and water footprint. Thus, setting it on the path to become one of the largest textile-to-textile recycling companies globally.

Mobilitas, a major player in international mobility, physical and digital records management, and heritage conservation, restoration and digitization, has been a partner of Proparco for 10 years, and has just obtained a new €20 million senior loan to support the development of its activities in Africa and the French overseas territories.

In 2022, a guarantee (trade finance) line was granted to Afriland First Bank Cameroun for a total amount of EUR 15 million. Following two years of partnership, Proparco is renewing this line, increasing it to MEUR 20, in order to continue its support for international trade.

Amref International University (AMIU), a subsidiary of Amref Health Africa, has entered into a landmark partnership with Proparco, the French development finance institution, securing a USD 5 Million (Ksh 650 Million) financing for the development of its new campus. This strategic collaboration marks a significant milestone in the advancement of competent health workforce training across Africa.