Proparco continues to support the supply of essential products in several African countries and joins forces with First Capital Bank Moçambique. The partnership consists of an envelope of guarantees for trade finance instruments of 10 million dollars granted by Proparco to First Capital Bank Moçambique, and reinforces the deployment of Proparco's trade finance programme in the region.

This operation arranged by Proparco will support the bank’s activity towards Mozambican corporates and infrastructure projects, which are core to the country’s development. It illustrates the commitment of both Development Finance Institutions to support the private sector in complex environments.

Merec, the leading local player on the wheat and maize processing market in Mozambique, has diversified in recent years into manufacturing pasta, biscuits and animal feed. Merec currently operates four industrial sites in the three main regions in the country, in Maputo, Beira and Nacala. PROPARCO’s investment is financing its development and is contributing to strengthening food security in the country.

Through a $40 million loan, AFD Group is helping to improve access to green electricity in a country marked by a low electrification rate.

Proparco invests in Merec, a leading producer of flour and wheat-based products in Mozambique. Through this investment, Proparco will enable the company to finance its development and to invest in the country's first industrial bakery.

A ceremony was held on Friday 23 October 2020 in Metoro, in the north of the country, in the presence of the President of the Republic, Mr. Filipe Nyusi, and the French Ambassador, Mr. David Izzo, to officially celebrate the launch of the construction works for Mozambique’s second solar power plant. This photovoltaic power plant is supported by PROPARCO and AFD and will improve access to green electricity in a country marked by a low electrification rate.

Proparco’s grant of a portfolio guarantee to Société Générale Moçambique will enable the bank to increase its SME financing activity. This high-impact operation confirms Proparco’s as well as Société Générale Moçambique’s commitment to supporting entrepreneurs and the private sector in fragile countries.