News
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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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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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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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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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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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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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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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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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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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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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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Financing a sustainable future: de-risking innovation through food systems investing
Faced with the negative-dominant impacts of food production, opportunities in sustainable food businesses need to be aligned with the capital available for transformation. To achieve this, they must b...
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Proparco and Société Générale Sénégal strengthen their partnership to support entrepreneurship in Senegal
Proparco is once again supporting a long-term partner by granting Société Générale Sénégal an "ARIZ" portfolio guarantee to boost credit to VSEs and SMEs.
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Placing contract farming in the service of development, food security and equality
The 2022 Global Report on Food Crises estimates that at least one in five Africans goes to bed hungry, and an estimated 140 million people in Africa face acute food insecurity. The Horn of Africa, in...
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In Guinea, Proparco and Vista Gui strengthen their partnership in support of SMEs
As part of the Africa Financial Industry Summit (AFIS) to be held in Lomé on November 15 and 16, 2023, Proparco and Vista Bank Group have just signed several guarantee and loan agreements to help fina...
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Proparco and Banco Daycoval commit to Brazilian companies and green projects
Proparco has just granted a five year $75 million senior credit line to Banco Daycoval, a financial institution committed to supporting SMEs. This new partnership, announced following FELABAN's 57th...
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In the Dominican Republic, Proparco and Banco Ademi support the financial inclusion of micro-entrepreneurs
Proparco has just granted a senior loan equivalent in Dominican Pesos (DOP) of $15 million dollars to Banco Multiple Ademi, S.A. (Banco Ademi), the leading Dominican microfinance institution. This ne...
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Farm Credit Armenia, a finance cooperative for food security
FCA is Armenia’s sole agricultural credit cooperative. It supports – with the aid of an AFD Group 1.5 m euro loan – its clients, the members, owners, participants, and beneficiaries of the cooperative...
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