in Short

Infrastructure: AFC receives $162 million from Proparco and DEG

To up its investments in infrastructure projects in Africa, the Africa Finance Corporation (AFC) has just received a $162 million loan facility from Proparco, which finances the private sector in emerging countries, and the German development finance institution, DEG. This syndicated loan, repayable over 10 years, will support AFC's climate...
in Short

Proparco : Acquisition of a majority equity stake in Diani Beach Hospital in Kenya alongside Ascent Rift Valley Fund II – under the FISEA+ initiative

Proparco, France’s development finance institution and Ascent Rift Valley Fund II, a leading East African private equity fund announced the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”), the leading healthcare provider on Kenya’s South Coast. On Proparco’s side, the investment is made under the FISEA+...
in Short

Proparco: Françoise Lombard appointed Director General

Françoise Lombard has been appointed Chief Executive Officer of Proparco. Previously Finance Director and member of the Executive Committee at Agence Française de Développement, Françoise Lombard took up her new position in March 2022. She succeeds Gregory Clemente....

Proparco: Choose Africa exceeds its Initial Target

Four years after the Ouagadougou speech in which French President Emmanuel Macron reaffirmed France's commitment to supporting the entrepreneurship revolution in Africa, AFD Group has exceeded the initial objective of the Choose Africa initiative, with 3 billion euros committed as of December 2021. Nearly 250 local partners are contributing to...
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