News
In Senegal, the Facility for Energy Inclusion, managed by Cygnum Capital arranged additional debt for AktivCo
The Facility for Energy Inclusion (“FEI”), managed by Cygnum Capital (formerly Lion’s Head Group), arranged EUR 49.9 million of additional debt from the existing lender group for Camusat’s energy serv...
Published on
Proparco signs agreement to provide $20-million financing to Satya MicroCapital in boost to women entrepreneur...
The French Development Agency’s private sector financing arm, Proparco, today signed an agreement of 20 million USD to support Satya MicroCapital’s commitment to empowering women entrepreneurs in rura...
Published on
Ghanaian Agritech Startup, Complete Farmer Raises $10 million Pre-Series A to Drive Expansion Plans
Complete Farmer, an end-to-end digital, agricultural marketplace that connects African farmers and global industries to competitive markets, resources, data, and each other on a single platform, raise...
Published on
ANKA Secures US$5M Funding in pre-Series A Extension to Export Africa
International Finance Corporation (IFC) along with Proparco and French Public Investment Bank to advocate the promotion of Africa’s creative economy to the world
Published on
Joliba Capital and LBO France announce the first close of Joliba Capital Fund I
The fund will target investment opportunities across Francophone countries in Western and Central Africa to develop small and mid-cap regional champions seeking growth capital and operating expertise.
Published on
European Union, Proparco and Tamweelcom join efforts to support small businesses in Jordan
While Micro, Small and Medium Enterprises (MSMEs) represent 80% of Jordanian businesses, they are still struggling with access to credit. With a JOD 3.64 million senior loan, the European Union (EU) a...
Published on
Sabesp, IDB Invest and Proparco support access of 400,000 households to sanitation and depollution of the Rio ...
IDB Invest closed a fully underwritten long-term local currency loan for up to 940 million BRL (approximately USD 200 million) mobilizing half of the facility with the support of PROPARCO, who provide...
Published on
Proparco supports the modernization of Umm Qasr port infrastructure in Iraq
Proparco grants a $33 million loan to Terminal Link for the renovation of a port infrastructure in Iraq. The project involves the rehabilitation and extension of a container terminal at the port of Um...
Published on
India: Proparco and GEF Capital (South Asia Growth Fund) support companies' efforts to tackle climate change
Paris, France, July 17, 2023 – Aligning with France’s climate change agenda, Proparco is contributing to finance mitigation and adaptation measures in India via a USD 30m investment in the GEF Capital...
Published on
Proparco launches the second edition of the African Private Equity fellowship, a training and networking progr...
Following the success of the first Fellowship cohort, which has completed its training cycle in June 2023, Proparco and France Invest have decided to renew this unique training and networking program....
Published on
Torrecom secures long-term debt with DFIs to expand its towers footprint in Latin America
PARIS –Torrecom, one of the leading independent tower companies in Latin America, recently signed a USD 70 million long-term loan agreement with three Development Finance Institutions (DFIs): Proparco...
Published on
Proparco and Equity BCDC renew their support for SMEs in the DRC
Equity BCDC and Proparco just signed a EURIZ 10 MEUR portfolio guarantee (denominated in USD) to support loans to small and medium-sized enterprises (SMEs) in the Democratic Republic of Congo (DRC). J...
Published on
In South Africa, Proparco supports TUHF and the access to affordable housing
Proparco is providing a ZAR-denominated line of credit equivalent to 10 million euros to TUHF Limited, a non-bank financial institution. The project will finance loans dedicated to the rehabilitation/...
Published on
Nuru Closes over $40m of Equity Funding to Drive Metrogrid Scaling in the Democratic Republic of the Congo
Goma, Democratic Republic of Congo - July 3, 2023 - Nuru, one of Africa’s pioneering renewable energy-powered metrogrid companies, has announced the successful close of over $40m in Series B equity fu...
Published on
Proparco supports the development of the cassava value chain in the Democratic Republic of Congo
Proparco is providing Qualagric Asbl, a leading Congolese agri-operator, with a funding and technical assistance of EUR 400,000 to support the development of the cassava value chain in the region of K...
Published on
Proparco and IFC join forces to support Trade Finance and food security in Africa
To increase trade finance in Africa and strengthen the capacity of financial institutions and local importers and exporters, IFC and Proparco intend to implement several actions jointly to distribute...
Published on
Proparco reiterates its commitment to the private healthcare sector
On 26 June 2023, Oxfam GB published a report into healthcare, which examines the role of development finance institutions (DFIs) and highlights shocking abuse of patients by certain establishments (in...
Published on
The Alliance for Entrepreneurship supports early-stage companies to enhance access to electricity through low-...
PROPARCO and IFC, two core members of the Alliance for Entrepreneurship in Africa (AforE), announce their intent to support the scale up of Nuru, an early-stage company which provides decentralized an...
Published on
Proparco joins forces with 17 other DFIs to set up a platform which plants seeds for Ukraine recovery phase
Development finance institutions from around the world –including Proparco- are extending their preparations to support Ukraine’s reconstruction, with the European Bank for Reconstruction and Developm...
Published on
With Microinvest, Proparco strengthens its support for small Moldovan entrepreneurs thanks to the EU EFSD - MS...
More than a year after granting an 8 million euro loan to Microinvest, Proparco reiterates its support for Moldova's leading microfinance institution, through a 10 million euro credit line that will b...
Published on
