To address the growing demand for cereal and oilseed imports in several West and Central African countries, Proparco and Bic-Bred (Suisse) SA have signed a partnership in the form of a risk participation in a financing facility granted to Céréalis.

Two weeks after being unveiled by President Emmanuel Macron and the Minister of Europe and Foreign Affairs Jean-Yves le Drian, the French initiative Choose Africa was presented in Dakar by the Minister of Economy and Finance Bruno Le Maire. Through Choose Africa, the AFD Group will commit 2.5 billion euros to accelerate the growth of start-ups and MSMEs in Africa by 2022.

A EUR 90m loan has just been allocated on this 8 October to SIFCA to finance the agricultural investments of its subsidiaries. Proparco has organized the loan with cofinancing from its Dutch counterpart, FMO, and Société Générale. The project is supporting the growth of a major agro-industrial player and will thereby contribute to the economic and social development of the region. A biomass power plant producing electricity from palm waste will also generate low-carbon electricity.