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Proparco, BIC-BRED (Suisse) SA and Webcor Group join forces to expand their partnership through a Trade Finance Facility for local food supply chain financing and job creation in Angola

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Proparco and BIC-BRED (Suisse) SA are strengthening their cooperation to support trade finance operations in Africa, with a new facility benefiting Webcor Group, a leading agri-food company in Angola. It marks the first operation with a fully integrated Angolan company active across the entire value chain, thereby contributing to the country’s food supply and economic resilience. The facility consists of a risk participation by Proparco in a transactional trade finance line already arranged by BIC-BRED (Suisse) SA for Webcor Group since 2018.

Driven by strong economic growth, Angola is experiencing rising demand for essential goods. As a net importer, the country faces significant structural challenges in securing imports - particularly food products - resulting in persistent food supply constraints. 

In this context, local private sector players play a critical role in supporting economic development. Since 1978, Webcor Group has been a well-established agro-industrial company engaged in sourcing, manufacturing, distributing, and trading soft commodities and fast-moving consumer goods (FMCG). The company plays a strategic role in the national food supply chain.

Proparco and BIC-BRED (Suisse) SA have been partners since 2021 in supporting the financing needs of commodity traders. In a context of tighter global liquidity affecting the African continent, and especially Angola, access to trade finance is key to securing imports. This transaction represents the first time such a partnership is being extended to a company with core operations mainly based in Africa.

The facility will support the financing of high-demand food staples such as rice, wheat, sugar, and fertilizers, and will also – by leveraging Webcor’s local industrial capacity - enhance local processing of wheat milling, pasta production, and vegetable oil processing. The operation may also support the development of trade flows involving French exporters.

Through its integrated value chain, Webcor Group contributes to improving food resilience in Angola all while supporting local job creation. This initiative is aligned with Proparco’s core priorities under the Choose Africa and FARM initiatives and contributes to the achievement of Sustainable Development Goal 8 (Decent Work and Economic Growth).

The transaction also falls within the broader strategic partnership signed in March 2026 between the AFD Group and BRED Banque Populaire, aimed at scaling up joint financing solutions between public and private financial institutions, particularly in Africa.

BIC-BRED and Proparco further strengthen their partnership to facilitate trade in food and agricultural commodities and, ultimately, value creation and supply across several African countries. Following support for Céréalis (wheat) and Touton (cocoa), BIC-BRED and Proparco are joining forces to support the financing needs of Webcor, a major Angolan agribusiness player, producer and distributor.

Emmanuel Haye

  • Head of the Financial Institutions division for Africa and the Middle East at Proparco

Webcor’s role in Angola’s industrialization has generated significant long-term funding and short-term working capital needs. Partnering with Proparco allows BIC-BRED to help address the latter through an enlarged trade finance facility, reinforcing the resilience of Webcor’s food and raw material import supply chain into Angola.

Michael Jackisch

  • Head of Agri Commodities at Bic-Bred (Suisse) SA

This financing represents a significant step forward for Webcor Group and for the development of Angola’s local food production. It enables us to further strengthen our industrial and processing capacities while securing the supply of essential food products. We are particularly proud of the trust placed in Webcor by Proparco and BIC-BRED, which underscores the strength of our platform and our long-term vision.

Sergio Limonti

  • Webcor Group’s CEO
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