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COP28: "We need to strengthen climate finance and adaptation"
With COP28 taking place in Dubai from 30 November to 12 December 2023, Arnaud Uzabiaga, Head of Proparco’s Impacts Division, explains how Agence Française de Développement's private sector arm is ramp...
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Amethis, Africinvest, Proparco and IFC acquire a majority stake in Netis
A consortium of investors including Amethis, Africinvest, Proparco and the International Finance Corporation (IFC) has acquired a majority stake in Netis, a leading pan-African telecommunication infra...
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Dakar Mobilité secures financing for the first-ever 100% electric BRT bus system in sub-Saharan Africa
Dakar Mobilité, a Senegalese company owned by Meridiam and the Fonds souverain d'Investissements stratégiques du Sénégal (FONSIS), has raised €135 million needed to deploy Dakar's future electric BRT...
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Proparco and DEG strengthen their partnership with MCB, in favour of climate finance in Mauritius
To support the scaling of climate finance in Mauritius, Proparco and DEG announced a new partnership with The Mauritius Commercial Bank Ltd (MCB) to support the bank in expanding its climate finance o...
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BII, FMO, Proparco and Frontier Energy co-invest in Planet Solar, Sierra Leone’s first large-scale grid-connec...
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...
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In South Africa, Proparco supports Investec in its climate finance strategy
At COP28, Proparco announced a renewed commitment to Investec, a leading South African bank committed to sustainability, by granting it a €500,000 euro technical advisory facility. This new agreement,...
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Proparco has joined the shareholding of Harley’s, a leading pharmaceutical distributor in Kenya
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 he...
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TBC and Proparco sign a EUR 100 million loan agreement
Proparco has granted a €100 million loan to JSC TBC Bank (TBC Bank) in Georgia. The loan facility, of a maturity of seven years, will be primarily used to finance climate-related investments and femal...
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COP28: Ecobank Transnational Incorporated signs its 1st Sustainability-Linked Loan for US$200m with a syndicat...
A syndicate of European Development Finance Institutions (EDFIs) led by Proparco, and including Norfund, DEG, FMO and EFP, has announced a US$200 million Sustainability-Linked Loan to support Ecobank...
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Proparco and 27four support Divercity to expand access to affordable housing in South Africa
Proparco and 27four, a South African investment manager, lead R550m investment in Divercity Urban Property Group alongside reinvestment from its existing shareholders. The investment is intended to fu...
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CIEL Group Ltd
CIEL Group operates in ten countries and comprises companies in the textile, agribusiness, hotel, financial services and health sectors. The group has an extensive network in Africa and Asia and is co...
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Tiryaki Helps Bolster Food Security, Diversify the Economy in Iraq with support from IFC, FMO and Proparco
IFC, FMO and Proparco are supporting Sama Al-Manar, a subsidiary of Türkiye-based Tiryaki Agro, in developing a new state-of-the-art agro-industrial complex in Iraq's Umm Qasr Port, including a soybea...
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IFC and Proparco join forces to strengthen food supplies in several African countries
IFC and Proparco today signed a risk-sharing agreement covering a package of trade finance operations worth a joint USD 200 million. As part of this deal, Proparco will now participate up to 50% in ce...
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Ecobank Malawi Secures A $10 Million Trade Finance Guarantee To Boost The Country's Food Security
Proparco has just signed a $10 million Trade Finance Guarantee with Ecobank Malawi. The Guarantee will enable the bank to secure confirmation lines on Letters of Credit for importation of strategic co...
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Turkey: Proparco extends its financial support to populations affected by the February 2023 earthquakes
A total facility of EUR 105 Million will be provided to Denizbank, Isbank, QNB Finansbank, strategic partners for Proparco in Turkey. Proceeds of the financing will be on lent directly to individuals,...
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International consortium backs Damietta port in Egypt: US$ 455 million financing package from EBRD, IFC, AIIB,...
- EBRD, IFC, AIIB, DEG and Proparco to provide a US$ 455 million financing package to Damietta Alliance Container Terminals. - Co-financing to develop the superstructure of a second container termin...
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New issue: Private Sector & Development #40 “Sustainable cities: how private sector players are gearing up”
Proparco is publishing the 40th edition of its Private Sector & Development magazine, devoted to sustainable cities. This is an absolutely crucial issue given that by 2050, almost 70% of the populatio...
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Proparco, DEG and other lenders support women's entrepreneurship in Brazil with Sicredi
Proparco is supporting Sicredi with a $30 million loan dedicated to women-owned micro, small and medium-sized enterprises (MSMEs). This transaction is part of a $125 million syndication led by DEG ($...
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Advans Cameroun assists SMEs and small farms, with support from Proparco
Proparco, the subsidiary of Agence Française de Développement (AFD) dedicated to the private sector, has granted Advans Cameroun an ARIZ TPE portfolio guarantee of 1.3 billion CFA francs (equivalent t...
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AFD's 2024 Funding Program
AFD’s Board of Directors approved the 2024 funding program on January 25, setting the target at €9 billion.
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