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Choose Africa: Proparco has doubled its commitments over the past eighteen months

Choose Africa: Proparco has doubled its commitments over the past eighteen months

Encouraged by President Emmanuel Macron, the private-sector financing arm of the French Development Agency (AFD) has cumulated commitments of €750 million ($837m) since 2018. And it is now moving into venture capital (VC).

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            ▪ Choose Africa: Proparco has doubled its commitments over the past eighteen months

▪ Encouraged by President Emmanuel Macron, the private-sector financing arm of the French Development Agency (AFD) has cumulated commitments of €750 million ($837m) since 2018. And it is now moving into venture capital (VC).

http://www.jeuneafriquebusinessplus.com/en/799797/choose-africa-proparco-has-doubled-its-commitments-over-the-past-eighteen-months/

04/11/2019 at 17h59, by Jeune Afrique Business+, updated 05/11/2019

Proparco’s commitments in Africa in terms of equity financing and loans have doubled since President Emmanuel Macron launched an initiative to boost the private sector on the continent.

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