Proparco puts extra €1B into Macron's plan for African entrepreneurs
Apr 27 2020
BRUSSELS — France’s private sector development arm, Proparco, announced €1 billion ($1.2 billion) to support African entrepreneurs this week, expanding the Choose Africa initiative launched by President Emmanuel Macron three years ago.
The money, partly backed by guarantees from the French government and the European Commission, is part of the $4 billion that the Association of European Development Finance Institutions — of which Proparco is a member — announced at last month’s “Finance in Common Summit.”