Kasada has secured a strategic partnership with the International Finance Corporation (IFC) to create a large hotel portfolio in Sub-Saharan Africa through a US$160 million debt facility, of which a US$80 million senior loan was disbursed by IFC and Proparco to finance the first transaction of the fund.

Through a US$7 million investment in the development of a university platform covering several sub-Saharan African countries, Proparco is promoting the growth of a quality educational offer adapted to the needs of local economies.

ODDO BHF, a Franco-German financial group, is joining Proparco’s Trade Finance Guarantee Program as a confirming bank, strengthening its role in international trade finance, especially in Africa. This partnership enhances ODDO BHF’s confirmation capabilities through Proparco’s network of issuing banks.

Saviu Ventures, one of the leading Venture Capital firms in Francophone Africa, has reached the second close of Saviu II, its second fund, with support from institutional investors including Triple Jump, Proparco and the Axian Group to continue investing in the region's most promising startups.

At a time when the global health community is gathered in Paris for the launch of the African Vaccine Manufacturing Accelerator (“AVMA”), which is expected to support and increase African vaccine production, IFC, Proparco - the French Development institution, DEG - the German development finance institution, and the U.S. International Development Finance Corporation (DFC) today reaffirm their commitment to supporting local manufacturing capacities for the development of vaccines for African countries.

To meet the needs of entrepreneurs, particularly at the start of their ventures, the Choose Africa initiative will now offer African startups financing and assistance tailored to early-stage development. A total of €130 million will be deployed between now and 2025 in support of African digital startups through collaboration between Digital African and Proparco.

To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the Alliance for Entrepreneurship in Africa (AforE).

French Development Finance Institution Proparco invests 25 MUSD in Serengeti Energy, a Sub-Saharan hydro and solar-specialized independent power producer which develops, constructs, owns and operates grid-connected renewable energy resources in a region that is currently heavily dependent on fossil fuels.

Watch the intervention of Françoise Lombard, Chief Executive Officer of Proparco, during the Africa CEO Forum 2024, organized in Kigali (Rwanda) on 16 and 17 May.    

This loan is part of a $200 million syndicated loan facility arranged by the Dutch development bank FMO. Beside FMO and Proparco, DEG, BIO and OeEB participate in this financing which illustrates the coordination between - and cumulative impact of - European Development Finance Institutions (EDFIs).

Proparco has just committed a USD 15 million investment in Pembani Remgro Infrastructure Fund II (PRIF II), reinforcing its commitment to supporting sustainable infrastructure development across Africa.

Proparco's $10 million investment in the African Guarantee Fund will contribute to the growth of this pan-African fund and support the AFAWA initiative launched to increase access to finance for women entrepreneurs.

The €130 million fund will focus on the development, construction, and operation of renewable energy assets and technologies across Sub-Saharan Africa.

A consortium led by Metier, an independent African private equity fund manager, has invested US$36 million into Africa Mobile Networks Ltd (“AMN”). The consortium includes CDC Group (the UK’s development finance institution and impact investor), DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (Germany's development finance institution), Proparco (the private sector arm of the French Development Agency), Mauritius Commercial Bank’s Equity division and other leading financial institutions and investment managers. As part of the transaction, the consortium is also acquiring US$3.5 million of existing shares and in total will own a significant minority shareholding in AMN.

On the occasion of the French Presidency of the Council of the European Union, which started on January 1st, Proparco announces the signature of the CREA Fund (Creative Enterprise Action Fund) Facility, designed to support the Cultural and Creative Industries in Sub-Saharan Africa. The facility is composed of a Guarantee component and a Technical Assistance (TA) component. It will benefit from the financial support of the European Union (EU), up to €6.47 million, with an expected leverage effect of more than €20 million of private finance, and will be launched in the fall of 2022.