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Mobilitas 2018: Developing the removal and document archiving sectors in Africa
Project
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Signature date
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Location
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Multi-country Global, South Africa, Kenya, Mauritius, Mozambique, Namibia, Zambia
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Financing tool
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Financing amount (Euro)
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8000000
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Financing details
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EUR 8m loan
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Customer
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Mobilitas
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Type of customer
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Company
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Project number
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PZZ1351
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Environmental and social ranking
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B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is renewing its support to Mobilitas, a French company specialized in removals, relocation and document archiving and operating in 54 African countries. This second loan will support the development of its African activities.
Client presentation
Mobilitas is a family-run company set up by Mr. André Taïeb in 1974. In 43 years, it has become one of the French leaders in the removal, relocation and document archiving industry. The Group has over 4,370 employees in over 132 subsidiaries established in 80 countries. In 2016, Mobilitas became the leading private player in international mobility, operating in 54 African countries
Project description
The project involves a senior loan which aims to support the development of African activities in the removal and archiving sectors, by financing storage and archiving centers, equipment and potential external growth opportunities.
Project impact
The expected outcomes of the project concern the support for the growth of Mobilitas, with an impact on direct employment. The project will mainly contribute to SDG 8 (Decent work and economic growth). Indeed, the project will have impacts on direct employment at Mobilitas, which will need to strengthen its teams to support the growth in its activity. Furthermore, the project will generate tax revenues and contribute to the added value of countries.