News
Choose Africa takes a new step!
Since the launch of the Choose Africa initiative in 2019, AFD Group has been mobilizing to support start-ups, VSEs and SMEs in Africa. In response to the crisis triggered by Covid-19, it is strengthen...
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In Honduras, PROPARCO is supporting Banco Ficohsa, a bank committed to women’s entrepreneurship and SMEs
PROPARCO is reaffirming its support to Banco Financiera Comercial Hondureña S.A. (Ficohsa) via a USD 20m loan. The total amount of this credit line is earmarked to support the financing activity for s...
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Proparco and the Asian Development Bank strengthen their partnership to support India’s renewable energy devel...
Proparco is participating in the loan extended by the Asian Development Bank (ADB) to finance a 200 MW solar power plant in northwest India. The project, implemented by the ENGIE Group, represents a f...
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With Vitas, Proparco is supporting entrepreneurs in vulnerable regions in Lebanon
Proparco has just signed a USD 2.5m guarantee with the microfinance institution Vitas S.A.L. to allow it to develop loans for micro and medium-sized enterprises in the North, Akkar, Bekaa and Beirut g...
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Equity Bank Holding: “With Proparco, we share a common vision in terms of culture and values”
Equity Bank Holding is committed to small and medium-sized enterprises in several countries in East Africa. Proparco has allocated a US$100 million loan to Equity Bank to support SMEs in Kenya. This p...
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Proparco is supporting ATL, a leasing company for Tunisian SMEs
With the support of the European Union, a EUR 15m loan has been signed between Proparco and Arab Tunisian Lease (ATL), with the aim of supporting Tunisian MSMEs.
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Joining in the fight against Covid-19 and diversifying activities: The case of SERMP in Morocco
SERMP is a Moroccan aeronautical subcontracting company. Like the entire sector, it is feeling the economic repercussions of the Covid-19 crisis. To both contribute to the national effort and diversif...
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Choose Africa: AFD Group mobilizes an additional 1 billion euros to support MSMEs affected by the crisis in Af...
To mark the 3rd anniversary of the Ouagadougou speech during which the French President, Emmanuel Macron, announced a strong commitment by France alongside African entrepreneurs, AFD Group has committ...
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In Costa Rica, PROPARCO has reaffirmed its commitment to SMEs to support them during the Covid-19 crisis
To support Banco Promerica during this crisis, PROPARCO has renewed its partnership by granting it a new credit line to finance SMEs, which account for the bulk of the economic fabric in Costa Rica an...
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Proparco grants a $5 million loan to Credo Bank in Georgia
The facility is aimed to support short term needs of the bank’s customers and to weather challenges caused by the COVID-19 pandemic to micro, small and medium sized enterprises in Georgia.
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Geographical indications and quality brands: An effective tool to promote industrial SMEs’ market access
Agri-food production remains at the core of African industry, representing up to 18% and 30% of the industrial revenues in countries like Tunisia and Morocco. Demand for local products has presented o...
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Tunisie Leasing & Factoring, “Tailoring support to our clients’ needs”
3 questions to Atef Snoussi – Director of the commercial network of Tunisie Leasing & Factoring
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$4 BILLION FOR AN INCLUSIVE PRIVATE SECTOR RECOVERY IN AFRICA
On the occasion of the high-level event "Africa: Towards a sustainable recovery for the private sector", organised by EDFI as part of the first international summit of public development banks, the fi...
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USD 200+ MILLION CAPITAL INCREASE FOR TCX
Within the framework of the Finance In Common Summit, several development finance institutions and the European Commission join forces to protect households and enterprises in the poorest countries ag...
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Private Sector and Development Special Issue: Public Development Banks tackling global challenges
Presentation of the new special issue of Proparco's Private Sector and Development magazine, by Grégory Clemente and Bruno Wenn, respectively CEO of Proparco and President of the EDFI association.
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Key questions concerning African industrial development policies
African industrial development is a major challenge for the Continent and it is currently a key focus for governments, financial backers and investors. Although still in the early stages of developmen...
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European bilateral DFIs and EIB launch €280M financing initiative to support Covid-19 impacted businesses
EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of the Covid-19 pandemic on private sector companies in developing countries.
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Finance in Common: read the main announcements and declarations of the Summit
All the public development banks will meet for the first time on November 11th and 12th to discuss major international issues. This international event will take place within the framework of the 3rd...
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Bridge Fund by Digital Africa
Promoted by Digital Africa and deployed by Proparco, the Bridge Fund by Digital Africa is intended to be an appropriate response to the challenges confronting young innovative African companies, whose...
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PUSH SME, the SME support mechanism of Société Générale, a Choose Africa partner of PROPARCO
Support for African SMEs is central to Société Générale Group’s strategy. In 2018, the Group started deploying “Push SME”, its mechanism to support SMEs in Africa, for a period of four years. As part...
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