Mid-Term Review of the Choose Africa initiative
Introduction Start-ups and SMEs play a key role in job creation, economic growth and innovation. Their role is especially important in Africa, where they account for 60% of formal employment and ...
Read moreProparco and BICIS strengthen their partnership to support Senegalese MSMEs
The portfolio guarantee granted by Proparco, which will be of a maximum amount of 3.5 million Euros (2 300 000 000 XOF), will enable BICIS to further strengthen its support to the economic ...
Read moreNOBOX LAB is promoting digital education for children
NoBox Lab is a social enterprise set up by Sophia El Bahja and Walid Machrouh in 2017 to provide Moroccan children with access to innovative digital educational content. Sophia and Walid have ...
Read moreAFD is supporting the ecological transition of Egyptian SMES and their climate resilience
As part of the Transforming Financial Systems for Climate (TFSC) program and with financial support from the Green Climate Fund (GCF), on 16 November 2020, the National Bank of Egypt (NBE) and ...
Read moreTunisie Leasing & Factoring, “Tailoring support to our clients’ needs
3 questions to Atef Snoussi – Director of the commercial network of Tunisie Leasing & Factoring Tunisie Leasing & Factoring, a longstanding partner of PROPARCO, offers both movable and ...
Read morePUSH 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 ...
Read moreProparco and Bpifrance launch Averroès Africa, their new fund of funds to promote the development of the private equity industry in Africa
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in ...
Read moreAFD group grants a US$100 million loan to Equity Bank to support Kenyan SMEs
This major operation illustrates Proparco’s firm commitment to the African private sector amid current COVID-19 crisis and economic turmoil, with a particular focus on job-creating SMEs, as part ...
Read moreCovid-19 – Supporting African SMEs: A priority development issue
During this critical period, a number of financial players – PROPARCO’s partners – are taking action to support African SMEs, which are (already) facing major cashflow problems. In the wake of ...
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