The Africa’s largest wind farm was officially inaugurated today in the presence of President H.E. Hon. Uhuru Kenyatta and representatives of international donors, including Proparco. Proparco had mobilized a EUR 50m financing to the project company Lake Turkana Wind Power Limited (LTWP) to finance the construction of this flagship farm located in northern Kenya, in the Rift Valley. It will supply 17% of the electricity generated annually in the country and an energy 60% cheaper than the energy generated by thermal power plants in operation in the country.

In the slum areas of Kenya’s capital, indoor flush toilets are a rarity. Most people have to make do with plastic bags and outdoor pit latrines. To remedy the situation, a company called Sanergy has built up a network of low-cost pay toilets that are put to optimal use, given that the organic waste is converted into fertilizer and sold to farmers.

Findev Canada, Agence française de développement (AFD) and Proparco have announced the launch of a capacity-building project for women entrepreneurs in the context of the covid-19 pandemic.

The Aga Khan hospitals in East Africa have received a EUR 2.3 million grant from Proparco to increase access to health care services by boosting oxygen supply and supporting needy patients with quality care.

Amref International University (AMIU), a subsidiary of Amref Health Africa, has entered into a landmark partnership with Proparco, the French development finance institution, securing a USD 5 Million (Ksh 650 Million) financing for the development of its new campus. This strategic collaboration marks a significant milestone in the advancement of competent health workforce training across Africa.

Proparco, is pleased to announce its partnership with IBL Group, the largest conglomerate of Mauritius (listed on the Mauritius Stock Exchange), and DEG, a subsidiary of German KfW Group, to jointly acquire a 40% interest in Naivas International, which owns 100% of the shares of Naivas Ltd, a leading modern retail chain in Kenya. Successful completion of the transaction is subject to conditions.

This investment will aid Moringa to prepare for Series A funding in 2023. Apart from International expansion outside Kenya, the funding from Proparco will also facilitate the broadening of the range of courses offered by Moringa. Currently the institution offers Software Engineering, Data Science and Soft Skills courses with plans to offer courses in UI/UX design in the near future.

The investment will continue Diani Beach Hospital’s growth, thus improving healthcare provision for hundreds of thousands of Kenyans living in an underserved part of the country.

After France in 2017 and the USA in 2018, the One Planet coalition is meeting for the third time on 14 March in Kenya. This edition focused on Africa will aim to speed up mobilization for low-carbon development in African countries.
With EUR 1.2bn of financing since 2017, PROPARCO has made the climate a structural priority for its activity and is committed to speeding up the impact of private projects on the fight against climate change in Africa.
The figures and examples speak for themselves, with 4 flagship projects financed in Africa and in particular in Kenya.

In Kenya, close to 80% of the population works in the informal sector. Lynk created a platform that allows workers to create a career identity online and then helps individuals and companies hire them.

Bigot Flowers Kenya horticultural farm’s business has been affected by the Covid-

Equity Bank Holding is committed to small and medium-sized enterprises in several

Geographical coverage: East Africa

Proparco's operations in East Africa started in 1997 with the opening of its offices in Nairobi. Focusing on private funding and supporting sustainable development this office covers: Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Djibouti, Comoros, Somalia, Sudan.

Together with Mauritian conglomerate IBL, Proparco has closed the acquisition of a majority stake in Harley's, alongside the founding family. Proparco’s goal is to expand the supply of medicine and health products in Kenya, Uganda and Tanzania.

Proparco has signed a USD 50m facility with NCBA Kenya, a leader in the financial services sector. The funding will contribute to NCBA’s “Change The Story” sustainability agenda. NCBA is joining the 2X Challenge through this project, an initiative promoting women entrepreneurship and SMEs.