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Crédits

Africa, a continent of social business?

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Ange Frédérick Balma presents his company in Côte d’Ivoire: LIFILED. LIFILED offers a solution for rural and landlocked areas to access the Internet thanks to light, using renewable energy.

Tunisie Leasing: a strategy honing in on the needs of its customers

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Tunisie Leasing & Factoring is a long-standing partner of Proparco. It offers both movable and immovable leasing finance solutions to SMEs. With Choose Africa, many SMEs can finance their investments and their diversification projects.

Interview with Mr. Atef Snoussi, Director of the Tunisie Leasing commercial network.

Bigot Flowers Kenya: limiting the impacts of COVID-19

PUSH SME: Société Générale’s SME support facility in Côte d’Ivoire

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Accompagner les PME africaines est au cœur de la stratégie du groupe Société Générale. Le groupe déploie ainsi « Push PME », son dispositif de soutien aux PME en Afrique depuis 2018, pour une période de 4 ans. Sa filiale établie en Côte d’Ivoire (SGCI) entend, aussi s’impliquer dans l’émergence d’un tissu de PME performantes capables de porter la croissance économique du pays.

Éclairages de M. Assane Kah – Responsable Marché PME à la Société Générale Côte d’Ivoire

Equity Bank: strong commitment to Kenyan SMEs

JUMO: fintech helping out African entrepreneurs

Legacy Girls College: shaping Ghana’s future

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Legacy Girls College has been educating a new generation of Ghanaian women since 2015, based on solid values such as integrity, responsibility and excellence. To finance its expansion, it is receiving support from the Oasis African Fund, in which the FISEA fund, managed by Proparco, has invested.

LYNK: a start-up supporting informal workers

Aurora: a school with social impact in the DRC

Lysa & Co: an SME with a women’s touch

ENDA: microcredit for Tunisian women

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Enda is the benchmark microfinance institution in Tunisia. Today, it offers tailor-made solutions to financially empower marginalized people, and especially women. Besides providing financial support, Proparco helps Enda take gender equality into account in its strategies and structure.

Depuis 2018, Choose Africa soutient les start-up, TPE et PME africaines dans leur rôle fondamental pour la création d’emploi,

la croissance économique et l’innovation. Retour sur quelques histoires marquantes d’entreprises accompagnées.

Histoires de start-up et PME soutenues par Choose Africa

indirect jobs maintained or created

direct jobs maintained or created

M

,

start-ups and MSMEs strengthened via capital investments

MSMEs financed via des guarantees

MSMEs financed indirectly via loans

entreprises et plusieurs dizaines de milliers

de micro-entrepreneurs bénéficiaires soutenus grâce aux 2 Mds € déjà engagés

+

D’ici 5 ans

Nos impacts en chiffres

Choose Africa partners

Nearly 200 AFD Group partners on the continent

—incubators, investment funds, local banks, microfinance institutions—

are currently contributing to the success of this initiative.

The whole continent covered

%

North Africa

%

West Africa

%

Southern Africa

%

East Africa

%

Multi-region

%

Central Africa

BN

€

.

in access to credit for MSMEs

M

in investments in start-ups and MSMEs

€

les entreprises africaines

déjà engagés pour

2 Mds €

Au 1er septembre 2020

Read the detailed assessment of the initiative

Find out more

At mid-term, more than €2 billion in funding has already been committed throughout Africa.

Un bilan à mi-parcours

positif pour Choose Africa

Discover the new Resilience component of the Choose Africa Initiative

CHOOSE AFRICA Resilience guarantee

Find out more about the Choose Africa Resilience guarantee. Explanation by Xavier Echasseriau, Head of Guarantees for Development at Proparco.

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Targeted technical support

related to managing the impacts of the crisis

Financial inclusion - support to small businesses and micro-entrepreneurs via microfinance institutions (MFIs)

> loans to MFIs

> guarantees for microcredit

> investments in the capital of MFIs

Capital investments in start-ups and MSMEs

> via partner funds (including FISEA+)

> direct loans from Proparco

Guarantees to banks lending to MSMEs affected by the crisis

> 80% guarantee for loans with a term between 1 and 4 years

> 50% guarantee for loans with a term of less than 1 year

Loans dedicated to MSMEs

> via local banks

> direct loans from Proparco

Le volet Résilience vise à répondre aux besoins des TPE

et PME en Afrique durement touchées par les conséquences économiques de la crise de Covid-19.

Il renforce l’initiative Choose Africa en déployant des produits adaptés : prêts, garanties, prises de participation et accompagnement technique.

Un nouveau volet pour

accompagner la reprise

économique

A heightened financial commitment and the implementation of targeted tools

Grégory Clemente,

CEO of Proparco

“The exceptional difficulties and needs expressed by African MSMEs, including those of French entrepreneurs in Africa, called for a heightened financial commitment and the implementation of new and targeted tools. Support from the French government now allows us to implement a new component of the Choose Africa Initiative, with a set of solutions adapted to meet the needs stemming from the crisis. This initiative is being deployed in partnership with local financial systems.”

Grégory Clemente, CEO of Proparco

dedicated to African start-ups and MSMEs between 2018 and 2022

€2.5 BN

Initial commitment

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The Choose Africa Initiative was launched in 2019. It puts into action the commitment made by French President Emmanuel Macron in Ouagadougou to support entrepreneurship and innovation in Africa.

MSMEs in Africa

to help boost

in extra funds

€1 BN

Resilience component

To deal with the economic crisis sparked by COVID-19, Agence Française de Développement Group (AFD and Proparco) is stepping up its actions by implementing a new component of the Choose Africa Initiative: the Resilience component.

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to help African start-ups and MSMEs

€3.5 BN

Through the Choose Africa Initiative, Agence Française de Développement Group (AFD and Proparco) is mobilizing all its tools to finance and support start-ups and MSMEs in Africa.

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Photo credits:

From header, in descending order: Proparco/Clément Tardif, AFD/Alain Goulard, Proparco/Clément Tardif, Proparco/Oriane Zerah, AFD/Chiara Frisone, Proparco/Oriane Zerah; Start-up stories: Proparco/Oriane Zerah, Proparco/Clément Tardif, Proparco/Welike Agency, Proparco/Backdrop Agency, Proparco/Wilfried Antoine Desveaux, AFD/Chiara Frisone, Davasha Photography, AFD/Chiara Frisone, Tunisie Leasing, Campus AFD, Proparco/Fredrich Ochieng.

Digital production:

Editorial and graphic design:

PASSE UN CAP