News
Proparco strengthens its partnership with Société Générale to support Chadian SMEs
Within the framework of the Choose Africa Resilience initiative, Proparco and Société Générale Chad have signed two guarantees to support micro, small and medium enterprises.
Published on
Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis
Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the c...
Published on
FinDev Canada, US DFC, Proparco and AXA XL partner with MFX Currency Risk Solutions to facilitate impact inves...
FinDev Canada, US DFC, Proparco and AXA XL announced they are providing an innovative financing solution to MFX Currency Risk Solutions (MFX) to enhance its liquidity and help position it for its next...
Published on
In Brazil, Proparco and DEG grant a $40 million loan to Banco Industrial do Brasil to support SMEs
The transaction consists of a USD 40 m senior loan Facility arranged by DEG, with USD 20 m provided by Proparco, to the Brazilian bank Banco Industrial do Brasil (BIB). The funds will support BIB’s le...
Published on
Entrepreneurs from the diaspora are ramping up innovation-led development in Africa
The African diaspora is a unique resource that must be harnessed. Aside from channelling financial flows back to their countries of origin, thanks to experience acquired abroad and familiarity with th...
Published on
Proparco and Armeconombank join forces to support SMEs and finance green projects in Armenia
Proparco and Armeconombank have signed a $10 million loan to finance SMEs and green projects in the country.
Published on
Expertise France joins AFD Group, allowing for a Holistic Approach to Development
The interministerial agency responsible for technical cooperation, Expertise France, joined AFD Group on January 1, 2022. With AFD subsidiary Proparco operating in the private sector, the Group now pr...
Published on
Overview of new solutions to support small business
In Africa, SMEs account for 90% of private companies and provide jobs for 70% of the rural population. They play a key role in job creation and in the continent’s economic development, however, when...
Published on
New issue of the magazine Private Sector & Development: #36 Technical Assistance: widening the field of possib...
The 36th edition of Proparco's Private Sector & Development (PS&D) magazine is devoted to technical assistance, an instrument at the service of development commonly used by all actors (international o...
Published on
Proparco and IFC Invest in Bedding Maker Dolidol, Supporting Job Creation in Morocco and Nigeria
A financing package from IFC and Proparco will help Dolidol, a Moroccan manufacturer and distributor of polyurethane (PU) foam and bedding products, expand its production and sales to Nigeria, and gre...
Published on
Proparco and SIPEM Banque strengthen their partnership in favor of Malagasy MSMEs
After the granting of a portfolio guarantee in May 2019, Proparco renews its support to SIPEM BANQUE MADAGASCAR with a guarantee of 9.2 billion ariary (2 million euros). Set up thanks to the resources...
Published on
Proparco and BNI, Madagascar's leading bank, join forces to support the growth and development strategy of the...
Proparco will sign a 10 million euro loan with BNI MADAGASCAR in the coming days to strengthen the bank's equity and support its sustainable growth strategy in Madagascar.
Published on
Proparco grants a $30 million loan to Banco Cuscatlan to support SMEs and the economic role of women
The funds will be used to finance projects that will lead to the creation of jobs and the generation of new products and services. This new funding establishes that at least 30% of the credits must be...
Published on
Proparco joins Africa’s largest low-to-zero emission vehicle subscription platform MAX as a new investor
Metro Africa Xpress Inc. (“MAX”) - the largest vehicle subscription platform for low-to-zero emission vehicles in Africa, announces it has raised $31 million of new capital, in the first close of a Se...
Published on
In Burkina Faso, Proparco and Coris Bank International SA sign a €30 million guarantee for trade finance opera...
The project consists in the granting of a €30 million guarantee package for trade finance instruments to Coris Bank International SA, the leading bank in Burkina Faso and one of the most important ban...
Published on
Proparco and Société Générale Cameroun strengthen their commitment to MSMEs in Cameroon
The partnership signed today concerns the granting by Proparco of two portfolio guarantees to Société Générale Cameroun for a total of 20 million euros (more than XAF 13,000,000,000). The risk-sharing...
Published on
Addressing the challenge of SME Finance by optimizing risk management
African SMEs have the potential to provide jobs for working-age youth. Yet there are key impediments – access, risk, regulation and acumen – to them receiving financing. Addressing the perceived high...
Published on
Proparco renews its support to Advans Cameroun, a financial institution serving micro-entrepreneurs
After an ARIZ TPE MINKA portfolio guarantee granted in April 2019, Proparco is renewing its support to Advans Cameroun with a €2 million guarantee as part of AFD Group's Choose Africa Resilience initi...
Published on
France and United States Partnership Attracts Private Capital to the DRC
The Agence Française de Développement (AFD) Group and the United States Agency for International Development (USAID) formed a strategic partnership to develop key economic value chains and improve the...
Published on
How to successfully build women’s entrepreneurship
Women’s entrepreneurship boosts Africa’s economy. Assisting it means supporting growth and employment. Yet there are many barriers to its development. While some are due to social or cultural factors...
Published on
