News
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...
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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...
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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.
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Proparco and UIB strengthen their support to Tunisian entrepreneurs affected by the crisis
By granting an exceptional guarantee of one million euros to Union Internationale de Banques (UIB), Proparco confirms the strength of its partnership with this key player in the economic development o...
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AFD Group invests $10 million in African Rivers Fund III to support SMEs in the DRC, Uganda and Angola
After having already invested USD 5 million in the African Rivers Fund (ARF) in 2016, AFD Group renews its support to the XSML management team by investing USD 10 million in its third fund, African Ri...
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In Turkey, Proparco supports Sanko Group in its sustainability strategy
The operation consists of a EUR 37 million senior facility granted by Proparco to support Sanko Group, one of the biggest Turkish conglomerates, mainly operating in textile, energy, cement and packagi...
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Proparco joins a consortium of new lenders for the pioneering Djermaya Solar project in Chad
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) announced today the participation of its sister PIDG company, the Emerging Africa Infrastructure Fund (EAIF) alongside Propa...
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Proparco supports the Nigerian bank FCMB to strengthen its commitment to high-impact SMEs and climate projects
The operation consists of a USD 35 million loan and a EURIZ portfolio guarantee of NGN 5 billion (EUR 10 million equivalent) to support First City Monument Bank Ltd (FCMB) strategy to serve high-impac...
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From required scale to scaling up
Jean-Michel Severino, Chairman of Investisseurs & Partenaires (I&P), believes that the priority remains investing in support of the formal African enterprise sector, which is best placed to resolve th...
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TLcom Capital, the venture capital fund targeting innovative African start-ups
TLcom Capital has been supported by Proparco since 2017 and is financing the development of about a dozen African start-ups. Its targets: high-potential nuggets whose technology is based on mobile pho...
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Proparco and Adenia acquire Overseas Catering Services
Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco to buy Overseas Catering Services (OCS), a leading corporate catering and related services provider in Africa an...
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Proparco and the WAEMU CRRH join forces to promote access to affordable housing for low-income populations
On November 25, 2021, the two institutions formalized their partnership in Lomé with a 40 million euro loan from Proparco to the West African Economic and Monetary Union (WAEMU, also known by its Fren...
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