| Projects |
PROPARCO’s first project selection criterion is the contribution it will make to development; the second is a positive constraint and concerns the project’s economic and financial viability.
Increasing renewable electricity generation in Turkey
Turkey is one of the countries where growth in energy demand is the highest. PROPARCO allocated to Belen Elektrik Üretim A.Ş., subsidiary of Güris Group, a senior loan of € 11.5 M, alongside other banks, so as to finance the building and the exploitation of a wind farm with a 30 MW overall capacity. This project will contribute to the Increase of energy production capacities in Turkey. >> Read more
Improve port infrastructure in Ho Chi Minh City
Providing affordable and good quality education to young professionals in Brazil
In Brazil getting a qualification can substantially improve future income. The Brazilian government has promoted private sector intervention as an effective complement to public services. PROPARCO allocated a senior loan to Anhanguera Educacional Participações (AESA) in order to support the development of a major Brazilian player in the higher education and vocational training . AESA provides low-income young workers with both affordable and high-quality training. >> Read more
Supporting a Lebanese bank’s international development strategy
This project aims to shore up the capital of Byblos Bank. It comprises a $30M equity investment in the capital of Byblos Bank, alongside the International Finance Corporation (IFC). It will allow Byblos Bank not only to pursue its international development strategy in both the Mashreq region and Africa but also to attract more private international investors. Byblos Group activities for SME / SMI financing will be expanded as well. >> Read more
Long-term lending in local currency in Senegal
Securing the future of a fair trade flower farm in Kenya
Bigot Group specialized in the cut flower sector set up a flower farm in Kenya to produce roses. The investment program aims to help Bigot Group develop and secure the future of its farm in Kenya. The €2.5M FISEA equity investment will partially finance the investment program.The FISEA investment is in line with the strategy to develop Sub-Saharan Africa’s economic fabric. Bigot Group’s activity has a sizeable impact on employment in the region. >> Read more
Producing renewable energy from mills sugar in Guatemala
As one of the country’s main exports
Financing the construction of a hotel in the Sinai
Proparco finance the first independent hydropower plant in Pakistan
Pakistan has an energy deficit and total production cannot meet growing demand.The project involves building and operating an 84 MW hydropower plant at New Bong Escape which is located at roughly 120 km southeast of Islamabad. This is the first hydropower project to be developed by the private sector in Pakistan and the first major structured project financing in the State of AJK. There will consequently be a significant catalytic effect for the energy sector >> Find out more >> Download the press release
Money transfert services at low costs for migrants
In 2007, remittance flows from migrants to Sub-Saharan Africa were estimated at 19 billions dollars: this amount represented approximately 2.5% of the regional GDP and was the equivalent to the total public development aid received by the region in the same year. Based on this observation, the Panafrican group Bank of Africa (BOA) opened in 2009 a French subsidiary whose core business is money transfer services, at low costs, for the African Diasporas living in France. Within the framework of their partnership, BOA Group offered Proparco to take a 20% equity stake in BOA France equal to 1 million euros.>> Find out more >> Download the press release
Supporting the agribusiness industry
Wadi Holdings (“Wadi”), an Egyptian company, is one of the biggest producers of chicks and poultry feed in Egypt and Sudan. PROPARCO’s equity investment in the capital of Wadi marks the beginning of a partnership with a company that has exemplary sanitary standards and a prospective growth rate that will require substantial financial support >> Find out more >> Download the press release
Supporting a global microfinance leader
ProCredit Group is a leading microfinance network of German origin with almost 30 years of recognized experience in this sector. ProCredit Group is characterized by its original approach and a business culture – widely disseminated over the years – based on ProCredit Holding’s high level of involvement in each subsidiary as both a major and strategic shareholder. The project will have positive impacts on access to credit and savings for micro, small and medium-sized enterprises that are often excluded from the classic banking system >> Read more >> Download the press release
FISEA : Promoting SME financing in East Africa
In Sub-Saharan Africa, the SME segment represents over 90% of businesses, among which 70 to 80% are micro or very small enterprises. The project aims to promote SME financing in East Africa by supporting financial intermediation.The fund has already identified a number of opportunities in East Africa in a wide range of sectors including the agribusiness, publishing, distribution, tourism and new technologies sectors.FANISI Venture capital Fund will reach a size of $50M >> Read more >> Download the press release
Supporting sustainable forest exploitation in the Amazon
Cikel Brasil Verde Madeiras (“CIKEL”) is one of the main forestry groups operating in Brazil. Its activities range from forest exploitation to processing FSC eco-certified wood. PROPARCO’s financing aims to support the development of a player with exemplary social and environmental practices. CIKEL has been implementing a policy for the sustainable exploitation of forest resources for over ten years now. Today, it is one of the rare examples in Brazil of how sustainable exploitation and profitability are compatible >> Read more >> Download the press release
Promoting the use of natural gas as an alternative to petrol
The project involves participating – via a senior loan – in financing the buyout of Aspro. The project aims to reduce greenhouse gas emissions by developing an alternative to petrol for road transport. It is in line with PROPARCO’s mandate in emerging countries – particularly Brazil – which aims to combat climate change >> Read more >> Download the press release
Develop appropriate financing for SMEs
Algeria has some 300,000 small and medium enterprises (SME’s) which have limited access to financial services, with local banks focusing mainly on state-owned companies and the best private risks. PROPARCO’s repeat investment in MLA has been required to further develop MLA’s lease portfolio; enabling the financing of activities which require stable resources >> Find out more >> Download press release
Promoting financing for projects with high environmental impacts
The project involves allocating a line of credit to Banco Fibra, earmarked to finance projects in the sectors of ethanol, cogeneration and renewable energies. This first line of credit directly allocated by PROPARCO in Brazil stands at USD30M, with USD10M of AFD subparticipation. Thanks to the line of credit allocated by PROPARCO, Banco Fibra will be able to exclusively finance exemplary investment projects, particularly in the ethanol, cogeneration and renewable energies sectors >> Read more >> Download the press release
Contributing to the development of capital markets in Africa
By investing in GCR, Proparco aims at enhancing the level of financial information and thus contribute to the efficiency of financial markets in Africa, a continent which remains a priority for Proparco. Over the past 13 years, the company subsequently developed into a full service rating agency focusing specifically on emerging markets. Currently, GCR rates approximately 400 groups in Africa, covering the following key sectors >> Read more
Increasing electricity generation in Jordan
To face the significant growth it has recently experienced (+8.9% pa) which is expected to continue up to 2025, Jordan has increased its dependency on oil imports from its main partners, at preferential tariffs. Financing the project PROPARCO will improve on a sustainable and significant basis the power capacity of Jordan by providing 17% of the national genration capacity by 2011 >> Read more
Improving water supply in the city of Amman (Jordan)
The project will help improve living conditions for the population of Amman by supplying water to roughly 2.5 million inhabitants. It will also reduce the exploitation of certain renewable water resources that are currently being exploited beyond their limits, and will consequently make them sustainable. >> Read more
PROPARCO and YES BANK sign financing agreement
The financing agreement between Proparco and Yes Bank for a USD20M subordinated loan was signed on 14 September 2009 in the presence of Mr. Rana Kapoor - Founder, Managing Director and CEO of YES BANK, the French Ambassador, Mr. Jérôme Bonnafont, and Luc Rigouzzo, Chief Executive Officer of Proparco. This is Proparco’s first banking project in India >> Read more
Scaling up the fight against cross-border animal diseases
Proparco is financing two components of Sinder’s development: to extend its vaccine production capacity and optimize the company’s balance sheet structure >> Read more
Three new regional African airlines take to the skies with support from Proparco
Proparco has allocated 19.5 million dollars of long-term financing to FINAIRCRAFT to refinance the acquisition of nine Boeing MacDonnell MD-87 and MD-83 aircraft that Finaircraft rents to the three companies in the Celestair alliance. The present operation is an ambitious project in terms of development and allows PROPARCO to support a long-standing partner, the Aga Khan Fund for Economic Development (AKFED) , in a new sector in Africa: civil aviation >> More
Developing Cambodia’s rice production and helping preserve Reunion’s rice industry
Cambodia is a major producer of paddy rice but gains little benefit from the potential added value of this production, since the bulk of the paddy rice is developed by importers located in neighbouring Thailand and Vietnam. SORESUM (Golden Rice’s main shareholder) is a major player on Reunion’s mass market and wanted to invest in Cambodia in order to secure rice supplies and benefit from favourable structural trends for this basic foodstuff >> More
Supporting the creation of a private cancer clinic in Tunisia
The project involves building and operating a private medico-surgical clinic called the “Hannibal International Clinic”. It is located on a strategic site at the Berges du Lac in Tunis and will be equipped with 153 beds which will make it one of Tunisia’s biggest clinics in terms of capacity. Cancer treatment will be the main focus of the project which will also include a cardiovascular unit and an orthopaedic trauma unit >> Read more
Financing Tunisia’s first BOT project in the transport sector
Modernising the Monastir airport, while developing in neighbouring Enfidha a new facility with a capacity of 7 million passengers. The combination of the two airports will be the biggest international entry point to Tunisia. >> Read more
Africa’s first private geothermal energy production project
The Kenyan sector of the electricity is in risk of shortage with a safety margin in production capacity of less than 10 %. The OLKARIA III project is the first power plant deprived of electricity production by geothermal science in Africa. >> Read more
PROPARCO strengthens telecommunications network in Afghanistan
On Tuesday 12th August 2008, PROPARCO signed a loan agreement of 20 MUSD with Roshan, the leading mobile telephone company in Afghanistan which will allow Roshan to extend and renew their network, as well as offer competitive and innovative products >> Read more
Kenya’s first cogeneration project
Mumias Sugar Company (“MSC”), a listed Kenyan company and the country’s biggest sugar producer, controls almost 60% of market share. MSC is a sugar-producing entity based on an association of planters that own practically all of the sugar cane fields. Due to the future opening of the Kenyan sugar market to imports from Comesa countries (phasing out of import quotas from 2010) and extremely high and uncompetitive production costs, MSC has set out to review its production policy and diversify its activities. This includes implementing a sizeable bagasse cogeneration project >> Read more
Expanding access to credit and financial products
Traditional bank financing of the economy is widely insufficient in Cambodia and cannot meet the needs of very small businesses which largely make up and embody the country’s economic development.By becoming a shareholder of the MFI Proparco will be actively supporting the institution in its future changes (institutional change) and will be helping it deal with current issues in the sector >> Read more
Increasing the production of electricity in Kenya
The Kenyan electricity sector has only a 10% reserve balance (difference between peak demand/available capacity), which is largely insufficient given the high dependency on hydrology, and accordingly suffers risks of load shedding and power shortages. The Rabai project aims to increase the production of electricity in Kenya in order to meet the growing demand >> Read more
Developing access to mobile phone services in Tanzania
PROPARCO has signed a USD 25 million loan agreement with CELTEL TANZANIA LIMITED (“CTL”) the second largest mobile operator in Tanzania. CTL is controlled by CELTEL INTERNATIONAL (a group that is providing mobile services to more than 15 African countries) and the Government of Tanzania. >>Read more
Okaria III : Africa’s first private geothermal energy production project
Ormat Group has built a 13 MW geothermal power plant in the Rift Valley, 100km from Nairobi, and has been operating it since 2000. It is the only privately built and operated geothermal power plant in Africa. In 2008, Ormat and Kenya’s electricity utility KPLC agreed to raise the capacity of Olkaria III to 48 MW and consequently sought financing from several European financial institutions. PROPARCO allocated a 15 million dollar direct loan to finance this operation >> Read more
A strategic partnership for an Asian investment platform
The aim of this project is to build a co-investment platform - TR Propasia - 100% owned and financed by Proparco. The investment size ranges from USD 10m to USD 20m. This vehicle will have the same legal form as TR Capital and will be managed by the same management company TR&Co. TR Capital is an investment fund created by Paul Robine, in partnership with Group Tikehau, investing across Asia in a diversified manner. The investment team is based in Hong Kong >> Read more
CAPITEC BANK raises R150 million in funding from French Development Finance Institution, PROPARCO (March 2008)
Capitec Bank is a retail bank with more than 1.3 million clients. For the past six years, the focus has been on providing South Africans with affordable, accessible and simplified banking delivered with personal service. >> Read more
The International Financial Corporation (IFC) and PROPARCO invest in VEOLIA WATER AMI (December 2007)
The aim of acquiring an interest in Veolia Water AMI is to support infrastructure development for water, wastewateand electricity services in Africa, Middle East and Indian subcontinent. >> Read more
PROPARCO increases electricity production in Pakistan
PROPARCO granted a loan of 23.3 million dollars to ENGRO ENERGY LTD. This project aims to boost electricity production in Pakistan in order to meet increasing demand, and will have an impact on reducing CO2 emissions and on revenues of the Pakistani State. >> Read more