Proparco

Proparco is a Paris-based organization established in 1977 that specializes in providing private sector funding for sustainable development initiatives. It focuses on financing and supporting companies and financial institutions across Africa, Asia, Latin America, and the Middle East. Proparco targets key development sectors, including infrastructure—especially renewable energy—agriculture, financial institutions, health, and education. The organization aims to enhance the role of private entities in achieving the Sustainable Development Goals (SDGs) established by the international community in 2015. By financing projects that create jobs, provide essential goods and services, and combat climate change, Proparco contributes to sustainable economic growth and development. Its financing solutions include loans, guarantees, equity, and quasi-equity options tailored to the needs of the private sector.

Grégory Clemente

CEO

Sadio Dicko

Deputy Regional Director

Ariane Ducreux

Director of energy, digital and infrastructure

Djalal Khimdjee

Deputy CEO and Board Member

Natascha Korvinus

Senior Investment Officer - Equity / Venture Capital

Gregor Quiniou

Principal

Past deals in Francophone Africa

Sonatel

Debt Financing in 2024
The Sonatel group offers global telecommunications solutions in the fields of fixed, mobile, Internet, television and data serving individuals and businesses. Leader in Senegal, present in Mali since 2002, in Guinea Conakry and Guinea Bissau since 2007, Sonatel is the global and sub-regional operator of reference. Sonatel has built a modern network, fully digitized by transmission loops and international connections using high-speed optical fiber submarine cables. Sonatel has one of Africa's largest Internet bandwidths of 6.5 Gbps. Sonatel is a structuring company for the economy of his country and has made Senegal a hub of traffic and a major player in the development of telecommunications in Africa and in the world. Through its Orange brand, the Sonatel Group provides its millions of consumers with the best opportunities for convergence between mobile, internet and television technologies.

KCB Group

Debt Financing in 2024
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.

NCBA Group

Private Equity Round in 2024
NCBA Group Plc is a financial services conglomerate operating in East and West Africa. The company offers a range of services, including retail, corporate, and digital banking, as well as brokerage, bancassurance, and investment banking. Its operations are divided into five segments: Corporate and Institutional Banking, Retail Banking (which encompasses SME and Consumer Banking), Treasury Dealing, Digital Banking, and Investment Banking. The majority of its revenue is generated from Kenya, with additional contributions from Uganda, Tanzania, and Rwanda.

Ecobank

Post in 2023
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

Maad

Debt Financing in 2023
Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans

Nuru

Convertible Note in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.

Paps

Seed Round in 2022
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.

Paps

Seed Round in 2021
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.

Meditect

Pre Seed Round in 2019
Meditect is a social enterprise focused on digitizing the medicine supply chain in Africa, with operations in Côte d'Ivoire, Senegal, and Cameroon, and plans for expansion across sub-Saharan Africa. The company develops AI and blockchain-based software designed to track falsified medicines and enhance the integrity of drug distribution. By providing innovative solutions, Meditect aims to combat the sale of counterfeit medications and ensure the authenticity of medicines through a system that allows pharmacists to verify their products. This initiative addresses the critical challenge of access to quality medicines in the context of Africa's rapidly growing population, leveraging digital technology to improve healthcare delivery in developing countries.
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