Proparco, the French Development Agency’s private sector financing arm, has concluded a US$10 million Tier II long-term debt financing with African Banking Corporation Botswana (“BancABC Botswana”) to accelerate the bank’s activity towards supporting the growth of SMEs and commercial enterprises.

With the current global economic challenges wrought by the COVID 19 pandemic, this facility reaffirms Proparco’s long-term commitment to financial institutions and MSMEs, both key contributors to economic resilience on the continent.

Proparco has provided a senior loan facility to Letshego Botswana (Letshego Financial Services Botswana) to the value of 15 million Euros. This funding partnership enables Letshego Botswana to extend the value of its inclusive finance strategy, increasing access and deepening the impact of its financial solutions to more Batswana, wherever they may be located.