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electrician, africa
Following an initial equity investment in 2019, Proparco is renewing its support to AB Bank Zambia by participating in its capital increase for the second time.
Client presentation

AB Bank Zambia is the only bank in Zambia whose activity is dedicated to financing MSMEs.

Project description

FISEA, the AFD Group facility advised by Proparco, is participating in the capital increase of AB Bank Zambia, alongside Access Microfinance Holding AG, the majority shareholder and founder of AB Bank. It is AB Bank Zambia’s second capital increase via FISEA following the first in 2019.

Project impact

The participation in the capital increase is supporting the institution, which has been affected by the health and economic crisis the country has been going through since 2020.

07/22/2021
Date of signature of the project
Sectors
Zambia
Location
Financing tool
171 955 Euros
Amount of funding
FISEA participation in the capital increase of AB Bank Zambia, ZMW 3,934,522
Financing details
AB Bank Zambia
Client
CES