IFC, Proparco and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l'Afrique (CIMAF), a subsidiary of Omnium des Industries et de la Promotion (OIP), to help the company boost its production of cement in West Africa to meet growing demand for housing and infrastructure in the region.

Choose Africa is the French initiative to support African start-ups, VSEs and SMEs implemented by Proparco and AFD. In Ghana, this support has notably enabled New Crystal Hospital and Sinel Specialist Hospital to develop their activities. In July 2021, Proparco signed a new partnership with Ecobank to enable the pan-African bank to offer up to fifty million Ghanaian Cedis (7.4 million euros) in term loans to micro, small and medium enterprises affected by the COVID-19 pandemic.

Proparco and OeEB, the Austrian DFI, join forces to provide a €34 million senior debt funding to Gravita Netherlands B.V. (GNBV), the overseas division head of Gravita India Limited (GIL). The group is a key player in the industrial recycling industry, especially in lead recycling, in India and overseas. Proparco and OeEB will support the international branch of GIL by increasing the recycling capacity and funding its daily needs.

Proparco is committed to supporting the development of Advans' digital strategy through technical assistance granted for the implementation of pilot projects. These will improve Advans' service offer to its customers.

As part of the SME Ventures Forum, which is taking place on 15 and 16 March in Paris, AFD today signed an agreement to invest USD 7 million in the Oasis Africa Fund (OAF). This fund invests in SMEs in Ghana and Côte d’Ivoire that help to improve access to essential goods for vulnerable sections of the population.

Proparco just signed a $30 million senior loan to the Ghanaian bank CAL Bank. Cal Bank plays a major role in Ghana’s financial sector through its corporate and investment banking activities as well as its support to SMEs. This loan will further strengthen CAL Bank’s ability to answer the Ghanaian private sector’s needs.

Complete Farmer, an end-to-end digital, agricultural marketplace that connects African farmers and global industries to competitive markets, resources, data, and each other on a single platform, raises $10 million in a Pre-Series A funding round of equity and debt. The equity portion of the round was co-led by the Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital via its uMunthu II Fund in partnership with Goodwell Investments, who were joined by Proparco, Newton Partners and VestedWorld Rising Star Fund. Debt financing was provided by Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group through its Alpha Jiri Investment Fund and Global Social Impact Investments, to fund both CAPEX and working capital investments in support of short and long-term growth. 

To support Africa’s transition, PROPARCO invests in the private sector in all business sectors. Its financing specifically targets the development of essential infrastructure for opening up territories, economic activity and improving living conditions for people (conventional and renewable energies, roads, ports, rail networks, airports…).

DTRT Apparel is a Ghanaian apparel company that now employs nearly 2,500 people. It received support from the Verod Capital fund, which provided funds and expertise to accompany the company's development and increase its impact. Proparco supports thousands of companies in Africa directly or through investment funds like Verod Capital.

Located in Akuse, in the Eastern Region of Ghana, Legacy Girls’ College provides quality and affordable education to 400 girl students. From 2015, the school is looking to form a new generation of Ghanaian women with core values like Integrity, Responsibility and Excellence. To finance its expansion, Legacy Girls’ College is supported by Oasis African Fund, in which the FISEA fund, managed by Proparco, has invested.

Proparco has granted a $17 million loan for the construction and operation of 3 data centres in Africa developed by Etix Everywhere. These 3 data centres will be located in Ghana (Accra and Kumasi) and Djibouti.

Proparco and Ecobank Ghana, an affiliate of the Pan-African Banking Group, Ecobank Transnational Incorporated (ETI), have today signed a partnership agreement aimed at increasing access to finance for MSMEs in Ghana. The partnership, which focuses on the Choose Africa and ARIZ Initiatives was executed today by Proparco, on behalf of the AFD Group and Ecobank, aimed at enabling Ecobank Ghana to offer up to Fifty Million Ghana Cedis (GHS50,000,000) in term loans to micro, small and medium-sized enterprises adversely affected by the COVID-19 pandemic. Proparco and the Ecobank Group have a longstanding history of supporting the private sector in West Africa with a focus on small and medium-sized enterprises.

Proparco, AFD Group's private sector arm, and Societe Generale Ghana have just signed an ARIZ portfolio guarantee which will facilitate Micro, Small And Medium-Sized Enterprises (MSMEs) access to credit and help them play their essential role in the economy during these challenging times.

Local branch in Ghana