View
225
Download
2
Embed Size (px)
DESCRIPTION
PROPARCO geographical brochure
Citation preview
PROPARCO inSub -Saharan Africa
,
PROPARCO’s core mandate in Sub-Saharan Africa
is to promote strong growth with the aim of cre-
ating sustainable and more evenly distributed
employment.
PROPARCO’s strategy pursues several objectives:
FINANCING BUSINESSES: CREATORSOF REVENUES AND EMPLOYMENT
Businesses in Sub-Saharan Africa, more than any-
where else in the world, have extremely limited
access to fi nancing.
PROPARCO’s activity is complementary to com-
mercial banks. It supports businesses by offering
them long-term resources: loans, guarantees and
direct equity investments. It mainly fi nances the
agribusiness sector (plantations, livestock raising,
sea industries, cogeneration, subsistence indus-
tries...), the manufacturing sector (construction
materials, renewable energy equipment suppli-
ers...), the tourism industry (middle and top-end)
and social sectors (education and health).
PROVIDING BASIC SERVICESTO THE POOR
Infrastructure access and quality are key factors
for the attractiveness of a region, growth and
improving living conditions.
term products. By supporting banks and fi nancial
systems, PROPARCO gives local players the means
to boost the economic fabric of their countries
themselves.
It offers a range of loans and lines of credit ear-
marked to fi nance SMEs, it guarantees – via its sig-
nature – loans allocated to businesses in local cur-
rency and directly shores up the capital of credit
establishments.
PROPARCO also promotes private equity invest-
ment for which it is now one of the major play-
ers in Africa. Its participation in investment funds
- with the support of local teams – helps scale up
the impacts of its fi nancing and reach the whole
SME sector.
Finally, PROPARCO supports the development of
fi nancial systems that are designed to suit the
local context, are more effi cient and benefi t from
an enhanced level of depth.
Lagos
Casablanca Tunis
Cairo
Johannesburg
Nairobi
Abidjan
Africa has a population of over a billion inhabi-
tants. The fi gure is expected to almost double by
2050. Both the continent and its market are ex-
periencing sweeping changes. Growth rates have
been high in recent years – roughly 5% a year – well
above those of Organisation for Economic Co-
operation and Development (OECD) countries.
Yet this growth is not enough to eradicate poverty:
a third of people living below the poverty line live
in Africa, mainly Sub-Saharan Africa. The continent
has huge fi nancial needs and is particularly exposed
to risks stemming from the global economic situ-
ation, as the recent food, fi nancial and economic
crises have shown.
In order to face Africa’s major challenges, it is es-
sential to boost growth and make it sustainable.
The private sector plays a key role in this. It is the
main engine of growth and job creation and ge-
nerates resources that allow States to play their
role as regulators and wealth redistributors.
It provides certain essential services and is a
key player in terms of environmental and social
concerns.
PROPARCO – a development fi nance institution
– has made Africa its priority. Its activity focuses
on fi nancing the private sector and aims to cata-
lyze private investment in the region. Its results
AFRICA: A PRIORITY GIVING SUB-SAHARAN AFRICA THE TOOLS FOR ITS GROWTH
independent. In 2008, PROPARCO allocated a $35M loan for the construction of a second cogeneration plant which has made it possible for the company to sell its production surplus(35 MW) to the national electricity supplier KPLC.Thanks to this activity, Mumias can diversify its sources of income, produce clean and renewable energy in a country which suffers from a major shortage and,at the same time, sell carbon credits on the international market. ■
and the impacts of its fi nancing both demonstrate
that investing in the South – particularly in Africa
– is profi table.
Since 2006, PROPARCO’s commitments in Africa
have more than doubled. In 2009 they accounted
for 40% of its activity. This fi gure makes PROPARCO
the most Africa-oriented development fi nance
institution in Europe.
PROPARCO works in close partnership with its
clients and can tailor its activity to local challenges
thanks to its continent-wide network of offi ces.
The offi ces in Sub-Saharan Africa are located in
Johannesburg, Lagos, Nairobi and Abidjan which
means PROPARCO covers the whole of the Sub-
Saharan region. Its presence in Africa is backed
up by three other offi ces in the Mediterranean
(Casablanca,Tunis, Cairo).
other development institutions, European, African and American banks.In addition to its impacts on power generation, it was necessary to create 1 100 jobsto build the dam. The projectwill also reduce CO2 emissionsby 1.5 million tons a year and will have limited environmental and social impacts. ■
KENYA Producing clean energy from sugar cane waste
Mumias Sugar Company, a listed company located in the Lake Victoria region, is Kenya’s largest sugar producer.Mumias is developing a policy to diversify its activities in order to face the future opening of the domestic sugar market to imports from countries in the region.This includes implementinga cogeneration project.By burning sugar cane (bagasse) waste, the company has now become almost totally energy
UGANDADoubling electricity production Uganda is one of the most lagging countries in the world in termsof access to electricity, with only 10% of the population connected to the electricity grid.The aim of the Bujagali hydropower plant projectis to bridge this defi cit.It is currently under construction with commissioning scheduled for the end of 2012. The 250 MW Bujagali dam will alone generate almost half of the energy produced in Uganda at half the cost of thermal energy. PROPARCO and AFD have cofi nanced the project implemented by Bujagali Energy Limited for an amount totaling $72.8M, alongside
PROPARCO’s fi nancing focuses on:
■ energy in order to give widespread access to
modern and clean energies;
■ transport in order to improve the lives of city
dwellers and give easier access to global markets;
■ telecommunications in order to combat the digit
divide.
All the infrastructure PROPARCO fi nances respects
the environment. PROPARCO promotes the use of
renewable energies (wind, geothermal, solar ener-
gy, mini hydro). It also promotes greater energy
effi ciency and biomass, biogas and biofuel deve-
lopment.
FACILITATING LONG-TERM INVESTMENT
PROPARCO supports bank and fi nancial interme-
diation – from microfi nance to private equity
investment – in order to give businesses and
entrepreneurs access to fi nancial and banking
services.
PROPARCO supports microfi nance development
in Africa in order to meet the needs of a large
number of local micro-entrepreneurs. It supports
microfi nance institutions, holding companies and
funds mainly operating in this sector. The range of
local banking products is mainly limited to short-
corporate segments and seeks long-term resources in orderto shore up its balance sheet and back the maturity of its resources to that of its loans.In 2009, PROPARCO granted BICIS an FCFA6.7bn line of credit witha seven year maturity.By providing long-term fi nancing in local currency, PROPARCOhas helped the bank avoida foreign exchange risk andis giving Senegalese businesses the resources they need to invest in their growth. It is consequently helping to develop the private sector and employmentin the country. ■
SENEGALLong-term fi nancingin local currency
Senegal has the second largest banking system in West Africa after Côte d’Ivoire. It is also highly competitive– over fi fteen banks share 550 000 accounts – yet the rate of access to banking services remains low (under 10%). The Banque Internationale pour le Commerce et l’Industrie au Sénégal (BICIS), the country’s third largest bank with 17% of the market, is BNP Paribas’ subsidiary in Senegal.The bank is specialized in the private customer, institutional and
PROPARCO scales up
access to energy in Africa,
a continent with immense
energy needs,
and promotes the use of
renewable energies.
Over the past 3 years:
4regional offi ces
€ 920Mof commitments
37%of business
KEY
FIG
UR
ES20
07 -
2009
RCO scales up
ergy in Africa,
with immense
energy needs,energy needs,
R
e
w
e
290 000people hooked upto electricity
300 MWof renewable energy generated
26 millionpeople connectedto a telecoms network
225 000jobs created or secured
€ 155Mcontributed to State revenues every year
© A
FD
© A
FD
© B
enoî
t Ve
rdea
ux
© B
enoî
t Ve
rdea
ux
© N
icol
as F
orna
ge
PROPARCO’s core mandate in Sub-Saharan Africa
is to promote strong growth with the aim of cre-
ating sustainable and more evenly distributed
employment.
PROPARCO’s strategy pursues several objectives:
FINANCING BUSINESSES: CREATORSOF REVENUES AND EMPLOYMENT
Businesses in Sub-Saharan Africa, more than any-
where else in the world, have extremely limited
access to fi nancing.
PROPARCO’s activity is complementary to com-
mercial banks. It supports businesses by offering
them long-term resources: loans, guarantees and
direct equity investments. It mainly fi nances the
agribusiness sector (plantations, livestock raising,
sea industries, cogeneration, subsistence indus-
tries...), the manufacturing sector (construction
materials, renewable energy equipment suppli-
ers...), the tourism industry (middle and top-end)
and social sectors (education and health).
PROVIDING BASIC SERVICESTO THE POOR
Infrastructure access and quality are key factors
for the attractiveness of a region, growth and
improving living conditions.
term products. By supporting banks and fi nancial
systems, PROPARCO gives local players the means
to boost the economic fabric of their countries
themselves.
It offers a range of loans and lines of credit ear-
marked to fi nance SMEs, it guarantees – via its sig-
nature – loans allocated to businesses in local cur-
rency and directly shores up the capital of credit
establishments.
PROPARCO also promotes private equity invest-
ment for which it is now one of the major play-
ers in Africa. Its participation in investment funds
- with the support of local teams – helps scale up
the impacts of its fi nancing and reach the whole
SME sector.
Finally, PROPARCO supports the development of
fi nancial systems that are designed to suit the
local context, are more effi cient and benefi t from
an enhanced level of depth.
Lagos
Casablanca Tunis
Cairo
Johannesburg
Nairobi
Abidjan
Africa has a population of over a billion inhabi-
tants. The fi gure is expected to almost double by
2050. Both the continent and its market are ex-
periencing sweeping changes. Growth rates have
been high in recent years – roughly 5% a year – well
above those of Organisation for Economic Co-
operation and Development (OECD) countries.
Yet this growth is not enough to eradicate poverty:
a third of people living below the poverty line live
in Africa, mainly Sub-Saharan Africa. The continent
has huge fi nancial needs and is particularly exposed
to risks stemming from the global economic situ-
ation, as the recent food, fi nancial and economic
crises have shown.
In order to face Africa’s major challenges, it is es-
sential to boost growth and make it sustainable.
The private sector plays a key role in this. It is the
main engine of growth and job creation and ge-
nerates resources that allow States to play their
role as regulators and wealth redistributors.
It provides certain essential services and is a
key player in terms of environmental and social
concerns.
PROPARCO – a development fi nance institution
– has made Africa its priority. Its activity focuses
on fi nancing the private sector and aims to cata-
lyze private investment in the region. Its results
AFRICA: A PRIORITYGIVING SUB-SAHARAN AFRICA THE TOOLS FOR ITS GROWTH
independent. In 2008, PROPARCO allocated a $ 35M loan for the construction of a second cogeneration plant which has made it possible for the company to sell its production surplus(35 MW) to the national electricity supplier KPLC.Thanks to this activity, Mumias can diversify its sources of income, produce clean and renewable energy in a country which suffers from a major shortage and,at the same time, sell carbon credits on the international market. ■
and the impacts of its fi nancing both demonstrate
that investing in the South – particularly in Africa
– is profi table.
Since 2006, PROPARCO’s commitments in Africa
have more than doubled. In 2009 they accounted
for 40% of its activity. This fi gure makes PROPARCO
the most Africa-oriented development fi nance
institution in Europe.
PROPARCO works in close partnership with its
clients and can tailor its activity to local challenges
thanks to its continent-wide network of offi ces.
The offi ces in Sub-Saharan Africa are located in
Johannesburg, Lagos, Nairobi and Abidjan which
means PROPARCO covers the whole of the Sub-
Saharan region. Its presence in Africa is backed
up by three other offi ces in the Mediterranean
(Casablanca,Tunis, Cairo).
other development institutions, European, African and American banks.In addition to its impacts on power generation, it was necessary to create 1 100 jobsto build the dam. The projectwill also reduce CO2 emissionsby 1.5 million tons a year and will have limited environmental and social impacts. ■
KENYA Producing clean energy from sugar cane waste
Mumias Sugar Company, a listed company located in the Lake Victoria region, is Kenya’s largest sugar producer.Mumias is developing a policy to diversify its activities in order to face the future opening of the domestic sugar market to imports from countries in the region.This includes implementinga cogeneration project.By burning sugar cane (bagasse) waste, the company has now become almost totally energy
UGANDADoubling electricity production Uganda is one of the most lagging countries in the world in termsof access to electricity, with only 10% of the population connected to the electricity grid.The aim of the Bujagali hydropower plant projectis to bridge this defi cit.It is currently under construction with commissioning scheduled for the end of 2012. The 250 MW Bujagali dam will alone generate almost half of the energy produced in Uganda at half the cost of thermal energy. PROPARCO and AFD have cofi nanced the project implemented by Bujagali Energy Limited for an amount totaling $ 72.8M, alongside
PROPARCO’s fi nancing focuses on:
■ energy in order to give widespread access to
modern and clean energies;
■ transport in order to improve the lives of city
dwellers and give easier access to global markets;
■ telecommunications in order to combat the digit
divide.
All the infrastructure PROPARCO fi nances respects
the environment. PROPARCO promotes the use of
renewable energies (wind, geothermal, solar ener-
gy, mini hydro). It also promotes greater energy
effi ciency and biomass, biogas and biofuel deve-
lopment.
FACILITATING LONG-TERM INVESTMENT
PROPARCO supports bank and fi nancial interme-
diation – from microfi nance to private equity
investment – in order to give businesses and
entrepreneurs access to fi nancial and banking
services.
PROPARCO supports microfi nance development
in Africa in order to meet the needs of a large
number of local micro-entrepreneurs. It supports
microfi nance institutions, holding companies and
funds mainly operating in this sector. The range of
local banking products is mainly limited to short-
corporate segments and seeks long-term resources in orderto shore up its balance sheet and back the maturity of its resources to that of its loans.In 2009, PROPARCO granted BICIS an FCFA6.7bn line of credit witha seven year maturity.By providing long-term fi nancing in local currency, PROPARCOhas helped the bank avoida foreign exchange risk andis giving Senegalese businesses the resources they need to invest in their growth. It is consequently helping to develop the private sector and employmentin the country. ■
SENEGALLong-term fi nancingin local currency
Senegal has the second largest banking system in West Africa after Côte d’Ivoire. It is also highly competitive– over fi fteen banks share 550 000 accounts – yet the rate of access to banking services remains low (under 10%). The Banque Internationale pour le Commerce et l’Industrie au Sénégal (BICIS), the country’s third largest bank with 17% of the market, is BNP Paribas’ subsidiary in Senegal.The bank is specialized in the private customer, institutional and
PROPARCO scales up
access to energy in Africa,
a continent with immense
energy needs,
and promotes the use of
renewable energies.
Over the past 3 years:
4regional offi ces
€ 920Mof commitments
37%of business
KEY
FIG
UR
ES20
07 -
2009
RCO scales up
ergy in Africa,
with immense
energy needs,energy needs,
R
e
w
e
290 000people hooked upto electricity
300 MWof renewable energy generated
26 millionpeople connectedto a telecoms network
225 000jobs created or secured
€ 155Mcontributed to State revenues every year
© A
FD
© A
FD
© B
enoî
t Ve
rdea
ux
© B
enoî
t Ve
rdea
ux
© N
icol
as F
orna
ge
PROPARCO’s core mandate in Sub-Saharan Africa
is to promote strong growth with the aim of cre-
ating sustainable and more evenly distributed
employment.
PROPARCO’s strategy pursues several objectives:
FINANCING BUSINESSES: CREATORSOF REVENUES AND EMPLOYMENT
Businesses in Sub-Saharan Africa, more than any-
where else in the world, have extremely limited
access to fi nancing.
PROPARCO’s activity is complementary to com-
mercial banks. It supports businesses by offering
them long-term resources: loans, guarantees and
direct equity investments. It mainly fi nances the
agribusiness sector (plantations, livestock raising,
sea industries, cogeneration, subsistence indus-
tries...), the manufacturing sector (construction
materials, renewable energy equipment suppli-
ers...), the tourism industry (middle and top-end)
and social sectors (education and health).
PROVIDING BASIC SERVICESTO THE POOR
Infrastructure access and quality are key factors
for the attractiveness of a region, growth and
improving living conditions.
term products. By supporting banks and fi nancial
systems, PROPARCO gives local players the means
to boost the economic fabric of their countries
themselves.
It offers a range of loans and lines of credit ear-
marked to fi nance SMEs, it guarantees – via its sig-
nature – loans allocated to businesses in local cur-
rency and directly shores up the capital of credit
establishments.
PROPARCO also promotes private equity invest-
ment for which it is now one of the major play-
ers in Africa. Its participation in investment funds
- with the support of local teams – helps scale up
the impacts of its fi nancing and reach the whole
SME sector.
Finally, PROPARCO supports the development of
fi nancial systems that are designed to suit the
local context, are more effi cient and benefi t from
an enhanced level of depth.
Lagos
Casablanca Tunis
Cairo
Johannesburg
Nairobi
Abidjan
Africa has a population of over a billion inhabi-
tants. The fi gure is expected to almost double by
2050. Both the continent and its market are ex-
periencing sweeping changes. Growth rates have
been high in recent years – roughly 5% a year – well
above those of Organisation for Economic Co-
operation and Development (OECD) countries.
Yet this growth is not enough to eradicate poverty:
a third of people living below the poverty line live
in Africa, mainly Sub-Saharan Africa. The continent
has huge fi nancial needs and is particularly exposed
to risks stemming from the global economic situ-
ation, as the recent food, fi nancial and economic
crises have shown.
In order to face Africa’s major challenges, it is es-
sential to boost growth and make it sustainable.
The private sector plays a key role in this. It is the
main engine of growth and job creation and ge-
nerates resources that allow States to play their
role as regulators and wealth redistributors.
It provides certain essential services and is a
key player in terms of environmental and social
concerns.
PROPARCO – a development fi nance institution
– has made Africa its priority. Its activity focuses
on fi nancing the private sector and aims to cata-
lyze private investment in the region. Its results
AFRICA: A PRIORITYGIVING SUB-SAHARAN AFRICA THE TOOLS FOR ITS GROWTH
independent. In 2008, PROPARCO allocated a $ 35M loan for the construction of a second cogeneration plant which has made it possible for the company to sell its production surplus(35 MW) to the national electricity supplier KPLC.Thanks to this activity, Mumias can diversify its sources of income, produce clean and renewable energy in a country which suffers from a major shortage and,at the same time, sell carbon credits on the international market. ■
and the impacts of its fi nancing both demonstrate
that investing in the South – particularly in Africa
– is profi table.
Since 2006, PROPARCO’s commitments in Africa
have more than doubled. In 2009 they accounted
for 40% of its activity. This fi gure makes PROPARCO
the most Africa-oriented development fi nance
institution in Europe.
PROPARCO works in close partnership with its
clients and can tailor its activity to local challenges
thanks to its continent-wide network of offi ces.
The offi ces in Sub-Saharan Africa are located in
Johannesburg, Lagos, Nairobi and Abidjan which
means PROPARCO covers the whole of the Sub-
Saharan region. Its presence in Africa is backed
up by three other offi ces in the Mediterranean
(Casablanca,Tunis, Cairo).
other development institutions, European, African and American banks.In addition to its impacts on power generation, it was necessary to create 1 100 jobsto build the dam. The projectwill also reduce CO2 emissionsby 1.5 million tons a year and will have limited environmental and social impacts. ■
KENYA Producing clean energy from sugar cane waste
Mumias Sugar Company, a listed company located in the Lake Victoria region, is Kenya’s largest sugar producer.Mumias is developing a policy to diversify its activities in order to face the future opening of the domestic sugar market to imports from countries in the region.This includes implementinga cogeneration project.By burning sugar cane (bagasse) waste, the company has now become almost totally energy
UGANDADoubling electricity production Uganda is one of the most lagging countries in the world in termsof access to electricity, with only 10% of the population connected to the electricity grid.The aim of the Bujagali hydropower plant projectis to bridge this defi cit.It is currently under construction with commissioning scheduled for the end of 2012. The 250 MW Bujagali dam will alone generate almost half of the energy produced in Uganda at half the cost of thermal energy. PROPARCO and AFD have cofi nanced the project implemented by Bujagali Energy Limited for an amount totaling $ 72.8M, alongside
PROPARCO’s fi nancing focuses on:
■ energy in order to give widespread access to
modern and clean energies;
■ transport in order to improve the lives of city
dwellers and give easier access to global markets;
■ telecommunications in order to combat the digit
divide.
All the infrastructure PROPARCO fi nances respects
the environment. PROPARCO promotes the use of
renewable energies (wind, geothermal, solar ener-
gy, mini hydro). It also promotes greater energy
effi ciency and biomass, biogas and biofuel deve-
lopment.
FACILITATING LONG-TERM INVESTMENT
PROPARCO supports bank and fi nancial interme-
diation – from microfi nance to private equity
investment – in order to give businesses and
entrepreneurs access to fi nancial and banking
services.
PROPARCO supports microfi nance development
in Africa in order to meet the needs of a large
number of local micro-entrepreneurs. It supports
microfi nance institutions, holding companies and
funds mainly operating in this sector. The range of
local banking products is mainly limited to short-
corporate segments and seeks long-term resources in orderto shore up its balance sheet and back the maturity of its resources to that of its loans.In 2009, PROPARCO granted BICIS an FCFA6.7bn line of credit witha seven year maturity.By providing long-term fi nancing in local currency, PROPARCOhas helped the bank avoida foreign exchange risk andis giving Senegalese businesses the resources they need to invest in their growth. It is consequently helping to develop the private sector and employmentin the country. ■
SENEGALLong-term fi nancingin local currency
Senegal has the second largest banking system in West Africa after Côte d’Ivoire. It is also highly competitive– over fi fteen banks share 550 000 accounts – yet the rate of access to banking services remains low (under 10%). The Banque Internationale pour le Commerce et l’Industrie au Sénégal (BICIS), the country’s third largest bank with 17% of the market, is BNP Paribas’ subsidiary in Senegal.The bank is specialized in the private customer, institutional and
PROPARCO scales up
access to energy in Africa,
a continent with immense
energy needs,
and promotes the use of
renewable energies.
Over the past 3 years:
4regional offi ces
€ 920Mof commitments
37%of business
KEY
FIG
UR
ES20
07 -
2009
RCO scales up
ergy in Africa,
with immense
energy needs,energy needs,
R
e
w
e
290 000people hooked upto electricity
300 MWof renewable energy generated
26 millionpeople connectedto a telecoms network
225 000jobs created or secured
€ 155Mcontributed to State revenues every year
© A
FD
© A
FD
© B
enoî
t Ve
rdea
ux
© B
enoî
t Ve
rdea
ux
© N
icol
as F
orna
ge
CUSTOMIZED FINANCIAL SOLUTIONS PROPARCO is a development fi nance institution jointly held by Agence
Française de Développement (AFD) and public and private shareholders
from the North and South. The company has a mandate to galvanize
private investment in emerging and developing countries with the aim of
supporting growth, sustainable development and the achievement of the
Millennium Development Goals (MDGs).
PROPARCO was founded thirty years ago on the conviction that the
private sector is a key player in development. It tripled its capital in 2008.
PROPARCO fi nances investments that are economically viable, socially
equitable, environmentally sustainable and fi nancially profi table. It tailors
its sectoral strategy to the level of development of each country and
focuses on productive sectors, fi nancial systems, infrastructure and priva-
te equity investment. PROPARCO invests in a vast geographical area that
encompasses both the major emerging countries and the poorest coun-
tries, particularly Africa. The company has extremely high requirements in
terms of social and environmental responsibility.
PROPARCO offers a full range of fi nancial products tailored to the needs
of private investors in developing countries (loans, equity, guarantees and
fi nancial engineering). In 2009, PROPARCO invested 1.1 billion euros in
eighty projects in over thirty countries.
WEST AFRICA
Boulevard François Mitterrand
01 BP 1814
Abidjan, Côte d’Ivoire
Tel.: (225) 22 40 70 40
Fax: (225) 22 44 21 78
NIGERIA
AND CENTRAL AFRICA
Melrose Offi ce suites
Phoenix House Plot 26E
Abdulrahman Okene
Close Off Ligali Ayorinde Street
Victoria Island
Lagos, Nigeria
Tel.: (234) 12705740
EAST AFRICA
Royal Ngao House
Hospital Road
P.O Box 45995
00100 Nairobi, Kenya
Tel.: (254) 20 271 12 34
(254) 20 271 10 58
Fax: (254) 20 271 79 88
www.proparco.fr
151, rue Saint - Honoré
75001 Paris
Tel.: +33 1 53 44 31 08
Fax: +33 1 53 44 38 38
SOUTHERN AFRICAAND MADAGASCAR
Ballywoods Offi ce Park
Ironwood House, 1st Floor
29 Ballyclare Drive, Bryanston
P.O. Box 786555
Sandton 2146
Johannesburg, South Africa
Tel.: (27) 11 540 7100
Fax: (27) 11 540 7117
PROPARCO focuses exclusively on long-term fi nan-
cing in countries or for counterparts that are con-
sidered too risky by commercial banks. It offers a
range of fi nancial products that are complemen-
tary to traditional commercial products.
■ Equity investments
PROPARCO always acquires minority stakes which
are destined to be sold after a 4 to 8 year period,
once the business has reached a level of maturity
that allows it to raise capital on markets or request
fi nancing from private investors.
PROPARCO makes both equity and quasi-equity
investments: capital, preferential shares, conver-
tible bonds and participation loans.
PROPARCO also invests in equity in investment
funds. In Sub -Saharan Africa it supports the crea-
tion or development of regional funds dedicated
to SME fi nancing. It provides a wide range of pro-
ducts, in particular via the Investment and Support
Fund for Businesses in Africa (FISEA).
■ Loans
PROPARCO tailors its medium and long-term loan
products to the depth of each market. It offers
senior, junior, mezzanine and subordinated loans
ranging between €5M and €100M (the average
being €13M). Maturities range between 5 and 15
years depending on project requirements. These
loans may be denominated in euros, dollars or local
currencies.
■ Foreign currency products
PROPARCO offers guarantees or direct loans in local
currency in order to reduce the foreign exchange
risk. Its signature is a guarantee of solvency and
may take several forms:
■ Guarantees for bond issues or other
market products;
■ Guarantees for interbank loans;
■ Guarantees for loans in local currency;
■ Liquidity guarantees for mutual funds.
PROPARCO inSub -Saharan Africa
© Michel Hasson
© B
.Ver
deau
x
cove
r ©
Ben
oît
Verd
eaux
small-scale investments in traditionally neglected sectors (agriculture, microfi nance, new energies, health, education...).It has a €50M annual investment target for a fi ve-year period. Unit amounts range between €1M and €10M and can be coupled with fi nancing for technical assistance. FISEA aims to galvanize economic growth in this region. ■
FISEAA new equity fi nancing solution in Sub-Saharan Africa
FISEA is an investment fund that takes equity participations in businesses, banks and microfi nance institutions, as well as investment funds operatingin Sub-Saharan Africa. FISEA was set up in Paris in 2009. The fundis hosted by Agence Françaisede Développement and managedby PROPARCO.FISEA aims to be complementary to traditional private funds.It focuses on investments carrying a higher risk in unstable orpost-crisis regions and makes
Tea plantation
in Kenya.
gra
phic
des
ign:
Vin
cent
Col
lin
CUSTOMIZED FINANCIAL SOLUTIONS PROPARCO is a development fi nance institution jointly held by Agence
Française de Développement (AFD) and public and private shareholders
from the North and South. The company has a mandate to galvanize
private investment in emerging and developing countries with the aim of
supporting growth, sustainable development and the achievement of the
Millennium Development Goals (MDGs).
PROPARCO was founded thirty years ago on the conviction that the
private sector is a key player in development. It tripled its capital in 2008.
PROPARCO fi nances investments that are economically viable, socially
equitable, environmentally sustainable and fi nancially profi table. It tailors
its sectoral strategy to the level of development of each country and
focuses on productive sectors, fi nancial systems, infrastructure and priva-
te equity investment. PROPARCO invests in a vast geographical area that
encompasses both the major emerging countries and the poorest coun-
tries, particularly Africa. The company has extremely high requirements in
terms of social and environmental responsibility.
PROPARCO offers a full range of fi nancial products tailored to the needs
of private investors in developing countries (loans, equity, guarantees and
fi nancial engineering). In 2009, PROPARCO invested 1.1 billion euros in
eighty projects in over thirty countries.
WEST AFRICA
Boulevard François Mitterrand
01 BP 1814
Abidjan, Côte d’Ivoire
Tel.: (225) 22 40 70 40
Fax: (225) 22 44 21 78
NIGERIA
AND CENTRAL AFRICA
Melrose Offi ce suites
Phoenix House Plot 26E
Abdulrahman Okene
Close Off Ligali Ayorinde Street
Victoria Island
Lagos, Nigeria
Tel.: (234) 12705740
EAST AFRICA
Royal Ngao House
Hospital Road
P.O Box 45995
00100 Nairobi, Kenya
Tel.: (254) 20 271 12 34
(254) 20 271 10 58
Fax: (254) 20 271 79 88
www.proparco.fr
151, rue Saint - Honoré
75001 Paris
Tel.: +33 1 53 44 31 08
Fax: +33 1 53 44 38 38
SOUTHERN AFRICAAND MADAGASCAR
Ballywoods Offi ce Park
Ironwood House, 1st Floor
29 Ballyclare Drive, Bryanston
P.O. Box 786555
Sandton 2146
Johannesburg, South Africa
Tel.: (27) 11 540 7100
Fax: (27) 11 540 7117
PROPARCO focuses exclusively on long-term fi nan-
cing in countries or for counterparts that are con-
sidered too risky by commercial banks. It offers a
range of fi nancial products that are complemen-
tary to traditional commercial products.
■ Equity investments
PROPARCO always acquires minority stakes which
are destined to be sold after a 4 to 8 year period,
once the business has reached a level of maturity
that allows it to raise capital on markets or request
fi nancing from private investors.
PROPARCO makes both equity and quasi-equity
investments: capital, preferential shares, conver-
tible bonds and participation loans.
PROPARCO also invests in equity in investment
funds. In Sub -Saharan Africa it supports the crea-
tion or development of regional funds dedicated
to SME fi nancing. It provides a wide range of pro-
ducts, in particular via the Investment and Support
Fund for Businesses in Africa (FISEA).
■ Loans
PROPARCO tailors its medium and long-term loan
products to the depth of each market. It offers
senior, junior, mezzanine and subordinated loans
ranging between €5M and €100M (the average
being €13M). Maturities range between 5 and 15
years depending on project requirements. These
loans may be denominated in euros, dollars or local
currencies.
■ Foreign currency products
PROPARCO offers guarantees or direct loans in local
currency in order to reduce the foreign exchange
risk. Its signature is a guarantee of solvency and
may take several forms:
■ Guarantees for bond issues or other
market products;
■ Guarantees for interbank loans;
■ Guarantees for loans in local currency;
■ Liquidity guarantees for mutual funds.
PROPARCO inSub -Saharan Africa
© Michel Hasson
© B
.Ver
deau
x
cove
r ©
Ben
oît
Verd
eaux
small-scale investments in traditionally neglected sectors (agriculture, microfi nance, new energies, health, education...).It has a €50M annual investment target for a fi ve-year period. Unit amounts range between €1M and €10M and can be coupled with fi nancing for technical assistance. FISEA aims to galvanize economic growth in this region. ■
FISEAA new equity fi nancing solution in Sub-Saharan Africa
FISEA is an investment fund that takes equity participations in businesses, banks and microfi nance institutions, as well as investment funds operatingin Sub-Saharan Africa. FISEA was set up in Paris in 2009. The fundis hosted by Agence Françaisede Développement and managedby PROPARCO.FISEA aims to be complementary to traditional private funds.It focuses on investments carrying a higher risk in unstable orpost-crisis regions and makes
Tea plantation
in Kenya.
gra
phic
des
ign:
Vin
cent
Col
lin