The French Choose Africa initiative fulfils France’s commitment to support African entrepreneurship.
With Choose Africa, AFD Group (Agence Française de Développement and its private sector financing arm, PROPARCO) makes all its tools available to African start-ups, microenterprises and SMEs to finance and assist them at the various stages of their development, particularly through local partners supported by the Group.
In response to the economic crisis triggered by Covid-19, which is hitting microenterprises and SMEs hard, AFD Group is extending its mechanism with Choose Africa Resilience. It comes in addition to the initial responses to provide macroeconomic support. This EUR 1bn program is designed to support the formal and informal private sector in Africa
The Choose Africa initiative was initially set at EUR 2.5bn and has now been increased to EUR 3.5bn for 2018-2022.