The international arm of one of the world’s largest development organisations, BRAC, has launched a capital markets debt programme that will secure financing for its microfinance operations for the coming decade. Proparco, with a 25 million dollars facility, have participated to the launch of the programme alongside Global Partnerships.

Proparco has signed a USD 20 million senior loan with Jolaks Manufacturing Company (Jolaks) in Sierra Leone. This financing will support Jolaks' edible palm oil refinery, a key player in Sierra Leone's agri-food sector, thus helping to meet the region's growing food security challenges. It will also enable the company to install a biomass power plant, thereby reducing its carbon footprint.

Proparco has announced its 12 million dollars participation in the 32 million-dollar Series 2 of the Debt program initiated by BRAC International Microfinance. The consortium of investors comprises BIO, Global Partnerships and Ceniarth.

Development Finance Institutions, British International Investment ("BII"), FMO, and Proparco, and renewable fund manager Frontier Energy today announced a co-investment of over $52 million for Planet Solar, a greenfield 50MW solar power project in Sierra Leone, developed by Frontier Energy and Planet One. The co-investment enables the development of a critical project that stimulates investment in renewable energy - responding to the urgent need for access to clean, affordable and stable power.