Key facts
- Implementing Partner:
Proparco
- Guarantee volume:
up to €44 million
- Global Gateway areas of partnership:
Multisectoral
- Sectors:
Private sector development
- Geographical focus:
Sub-Saharan Africa
- Type of support provided:
Financing, Technical assistance
- Types of investments:
Equity investments into early stages enterprises and VC Funds
- Investment period:
Open for investments until January 2028
- Technical assistance:
up to €3 million
Description
The Choose Africa VC investment programme will finance young innovative (M)SMES across Africa directly and through Venture Capital (VC) fund investments. The programme addresses a lack of finance for new businesses in Africa. It de-risks investments at an early-stage, after which these become more attractive for private capital.
The objectives of Choose Africa VC include:
- contribution to (M)SME growth
- decent job creation
- increase quantity and quality of private investment in early-stage enterprises
- empowerment of women and young people
- creation of opportunities in fragile countries
Innovative tech-enabled African start-ups and their business models, as well as inherent VC investment approaches offer unique opportunities to:
- support companies with fast/exponential growth potential for job creation and economic development contribution
- enhance financing leverage snowball effect
- accelerate inclusive access to basic products and services for underserved population
- explore low-carbon alternative solutions
How can businesses and investors get involved?
If you are an investor looking to invest in a global fund supporting MSMEs and employment in emerging markets, we recommend getting in touch directly with Proparco.
Contact: proparco
proparco [dot] fr (proparco[at]proparco[dot]fr)
About Proparco
Proparco is the private sector financing arm of Agence Française de Développement Group (AFD Group). It has been promoting sustainable economic, social and environmental development for over 45 years. Proparco provides funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle-East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health and education.