French development finance institution (AFD group), financing the private sector in emerging markets.
Based on observed investment behaviour: 28 recorded deals
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Activity : Electric mobility
Instrument : Investissement en capital de 1,5 M$ de Proparco dans le tour
Arc Ride develops electric mobility solutions in Africa and deploys related infrastructure.
Why they invested
Source : proparco.frN1 · Primary source
Co-investor alongside Novastar Ventures
Activity : Electric mobility
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa.
Co-investors British International Investment, IFC (International Finance Corporation), Mirova Natural Capital, Musashi Seimitsu, Norrsken22, Talanton
Source : techcabal.com
Fund-of-funds commitment: subscription in Africa50 AGIA-PD (fonds de développement de projets)
Activity : Asset management and markets
Instrument : USD 40m from Cassa Depositi e Prestiti and USD 10m from Proparco
Africa50 fund financing the development phase of climate-resilient infrastructure projects in Africa.
Co-investors Cassa Depositi e Prestiti (CDP) (Lead)
Source : africa50.comN1 · Primary source
Activity : Vehicle and productive-asset finance
Anda is a mobility and fintech company formalizing informal transport and providing vehicle financing to transport operators in Luanda.
Why they invested
Source : proparco.frN1 · Primary source
Activity : Residential real estate and development
Instrument : Prêt de 20 M EUR pour des logements abordables
Calgro M3 develops affordable housing, including the Bankenveld integrated development in Johannesburg.
Why they invested
Source : proparco.frN1 · Primary source
Activity : Insurtech
Instrument : Financement de 250 000 EUR (équivalent en dollars)
EdenCare is a licensed digital health insurer in Rwanda providing insurance solutions to SMEs and developing a B2B SaaS platform for insurers.
Why they invested
Source : proparco.frN1 · Primary source
Activity : Clinics and hospitals
Kenyan healthtech startup Tibu Health has secured a financing facility from French development finance institution Proparco through the Bridge Fund by Digital Africa.
Source : weetracker.com
Activity : Money transfer and remittances
Cauridor , a Guinea-founded fintech building remittance infrastructure, has secured a USD 2 M investment from Proparco as part of its ongoing Series A round, bringing total funding to USD 13 M.
Co-investors Flourish Ventures, LoftyInc Capital
Source : weetracker.com
Co-investor alongside Amethis
Activity : Medical devices and equipment
Instrument : Consortium buyout with management (seller: Ethos Private Equity)
Southern Africa's leading independent distributor of specialised medical devices and a healthcare software provider: 780 staff, 3 distribution centres, 7,000+ surgical procedures a month, exclusive agreements with 100+ manufacturers (Abbott, Stryker…). Acquired from Ethos Private Equity by Amethis, Proparco, ccap.ai and management.
Why they invested
Advisers
Team
Co-investors ccap.ai
Source : amethis.comN1 · Primary source
Co-investor alongside Salt Capital
Activity : Specialised care
Instrument : acquisition · Vehicle : Salt Equity I
The Namibian Oncology Centre provides specialist cancer care including radiation therapy, medical oncology, haematology and stem cell transplantation.
Why they invested
Source : saltcapital.comN1 · Primary source
Co-investor alongside Partech Africa
Activity : Vertical software
Vehicle : Partech Africa
littlefish is a merchant operating system integrating point-of-sale, back-office CRM, merchant portal, payments and APIs, enabling African banks to deliver digital merchant services.
Why they invested
Co-investors Flourish Ventures, TLcom Capital
Source : partechpartners.comN1 · Primary source
Activity : Banque
Instrument : 40 M EUR : ligne de crédit senior de 20 M EUR et garantie Ariz de 20 M EUR, dédiées aux PME (25 % agriculture et zones rurales)
Cameroon's largest commercial bank.
Source : ecomatin.netN2 · Cross-checked (2+ outlets) · Other sources : Ecomatin
Co-investor alongside Partech Africa
Activity : Power transmission and distribution
Vehicle : Partech Africa
Beacon Power Services provides data and grid management solutions (AI-enabled mapping, real-time monitoring) to help African power distribution utilities operate more efficiently.
Why they invested
Co-investors Clermount, Finnfund, Gaia Impact, Global Brain, JGC MIRAI Innovation Fund, Kaleo Ventures, On.Capital, Seedstars Africa Ventures
Source : partechpartners.comN1 · Primary source
Co-investor alongside AfricInvest
Activity : Specialised care
Jérôme Lapaire, a Swiss national who moved to Kenya in 2015, founded Lapaire in 2018 with the vision of making affordable e
Source : launchbaseafrica.com
Activity : Digital lending and scoring
Rubyx, a pioneering African fintech startup
Source : launchbaseafrica.com
Co-investor alongside IFC (International Finance Corporation)
Activity : Telecom towers and fibre
The West Indian Ocean Cable Company (WIOCC) Group, a leading provider of high-capacity connectivity, is set to receive a substantial funding package exceeding $50 million.
Co-investors RMB Corvest
Source : techinafrica.com
Activity : Banking
East Africa head of Proparco, Audrey Maignan, said the funding will benefit at least 1,600 SMEs, aligning with NCBA’s goal of expanding its lending to small businesses and women-led entities.
Source : weetracker.com
Co-investor alongside Adenia Partners
Activity : Delivery and last mile
Instrument : Acquisition de 100 % · Vehicle : Adenia Capital (V)
South African last-mile delivery leader with a network of partners, pick-up points and lockers.
Why they invested
Advisers
Co-investors DEG, South Suez
Source : adenia.comN1 · Primary source
Activity : Banque
Instrument : Ligne de garantie Ariz de 20 M EUR (env. 13 Mds FCFA) sur les crédits aux PME
Cameroonian commercial bank.
Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Investir au Cameroun
Activity : Aliments pour volailles et élevage avicole
Instrument : Prêt de 13 M EUR
Poultry-feed plant and breeding and hatchery site to develop local poultry production.
Why they invested
Source : proparco.fr
Activity : Microfinance
Instrument : Garantie de portefeuille de 2 M EUR (1,3 Md FCFA) pour le crédit agricole
Microfinance institution serving very small businesses.
Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Investir au Cameroun
Co-investor alongside Amethis
Activity : Telecom towers and fibre
Instrument : Prise de participation majoritaire
Netis provides telecom site maintenance, fiber-optic deployment and power-supply solutions across more than 15 countries in Sub-Saharan Africa.
Why they invested
Co-investors AfricInvest, IFC (International Finance Corporation)
Source : amethis.comN1 · Primary source
Fund-of-funds commitment: subscription in Joliba Capital
Co-investor alongside IFC (International Finance Corporation)
Activity : Fonds d'investissement
Instrument : Souscription pouvant atteindre 15 M EUR (7,5 M EUR du programme SME Ventures, 7,5 M EUR du guichet IDA) · Vehicle : Joliba Fund I
Joliba Fund I is a private equity fund targeting SMEs in Francophone West and Central Africa. It invests in consumer goods and services, financial services, transport and logistics, agribusiness, business services, healthcare and education.
Why they invested
Co-investors FMO, LBO France
Source : ifc.orgN1 · Primary source
Co-investor alongside Janngo Capital
Activity : Supply chain software
Instrument : Tour d'amorçage de 3 M EUR
Fleeti develops a SaaS platform enabling companies to collect, centralise and analyse data from vehicles, machinery and equipment to improve operational efficiency, safety and environmental performance.
Why they invested
Co-investors Newfund, PG Dev
Source : janngo.comN1 · Primary source
Activity : Electric mobility
Instrument : Prêt total de 85,4 M EUR, réparti à parts égales entre Proparco et EAIF
Dakar Mobilité develops and operates a 100% electric bus network around Dakar.
Why they invested
Co-investors Emerging Africa Infrastructure Fund
Source : proparco.frN1 · Primary source
Co-investor alongside Ascent Capital Africa
Activity : Clinics and hospitals
Instrument : Acquisition d'une participation majoritaire · Vehicle : Ascent Rift Valley Fund II
Diani Beach Hospital is a private healthcare provider offering primary and secondary care through multiple sites on Kenya's South Coast.
Why they invested
Source : ascent-africa.comN1 · Primary source
Co-investor alongside IFC (International Finance Corporation)
Activity : Cement plants
Instrument : EUR 161.25m loan: IFC EUR 92.5m, Proparco EUR 33.75m (parallel loan), EAIF EUR 35m (B loan)
Cement subsidiary of Morocco's OIP group: expansion of grinding plants in Ghana and Mali, and a new integrated cement plant in Senegal to produce clinker locally.
Why they invested
Co-investors Emerging Africa Infrastructure Fund (EAIF)
Source : africaprivateequitynews.com
Co-investor alongside IFC (International Finance Corporation)
Activity : Labs and imaging
Instrument : EUR 15m loan: IFC EUR 7.5m (own account), Proparco EUR 7.5m (parallel loan); first-loss guarantee from the IDA Private Sector Window
Pan-African clinical laboratory network (Cerba HealthCare and Lancet Laboratories): upgrade of laboratories in Eswatini, Gabon, Ghana, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda and Zambia, and opening of new laboratories.
Why they invested
Source : ifc.orgN1 · Primary source · Other sources : Proparco
Co-investor alongside Africa50
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : 15% equity stake
NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.
Why they invested
Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, British International Investment, DEG, EDF, Emerging Africa Infrastructure Fund, FMO, IFC (International Finance Corporation), OPEC Fund for International Development, République du Cameroun, STOA
Source : africa50.comN1 · Primary source
Co-investor alongside IFC (International Finance Corporation)
Activity : Centrale à gaz
Instrument : Dette syndiquée coordonnée par l'IFC avec prêts parallèles ; FMO 18 M EUR ; syndicat local mené par Standard Chartered (env. 60 M EUR)
216 MW gas-fired plant and 100 km line.
Co-investors Banque africaine de développement (BAD), BDEAC (Banque de développement des États de l'Afrique centrale), European Investment Bank, FMO, Standard Chartered
Proparco invests tickets ranging from 447 k$ to 100 M$, across the following sectors: Agribusiness, Infrastructure (all), Healthcare, Education, Financial services, Energy, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, Fintech, Manufacturing, Logistics, and SaaS, in the following areas: West Africa, Central Africa, Cameroon, Côte d'Ivoire, Senegal, CEMAC, WAEMU, South Africa, Kenya, Mauritius, and Namibia. Check in 30 seconds whether your company fits these criteria.
