AFD’S INVESTMENT FUND PROPARCO JOINS AS STRATEGIC AFRICARENA PARTNER AND SPONSOR.
AfricArena announces a strategic partnership with latest sponsor, Proparco, a subsidiary of Agence Française de Développement focused on private sector development.
Cape Town, 31 August 2018 – AfricArena today announced Proparco as a formal sponsor and strategic partner. Proparco is a subsidiary of the French Development Agency or Agence Française de Développement (AFD).
Earlier this year at VivaTech French president Emmanuel Macron announced €65m funding to be deployed through the French Development Agency into African startups and ecosystem accelerators.
“Proparco is very pleased to partner with AfricArena 2018, an event dedicated to promoting and gathering African startups that still represent an underserved market,” states Siby Diabira, the Regional Head of Proparco for Southern Africa and the Indian Ocean, “Proparco’s interest in the African startup ecosystem reached a new level in 2018 with the creation of a Division committed to investing in innovative, impactful and scalable young companies alongside investments in VC funds. We believe that AfricArena, as a dedicated platform, will allow investors such as Proparco to further accelerate their support to the many entrepreneurs bringing African-born solutions to local and global problems. We look forward to working with AfricArena and its team.”
AfricArena is a conference that showcases Africa’s best startups and innovators in front of an audience of local and international investors looking for world-class talent. Post an incredibly successful launch in 2017, AfricArena 2018 is set to take place on 15 – 16 November 2018 and expects to welcome 800+ attendees and is introducing an all-new Xperience Area.
For more information on AfricArena or this press release please contact: Mika Stanvliet | 081 534 6237 | firstname.lastname@example.org
Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for the past 40 years. Proparco provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America and the Middle-East. It seeks to partner projects in key development sectors – infrastructure (with a specific focus on renewable energies), agribusiness, financial institutions, healthcare and education, etc. – and to boost the contribution of the private sector to achieving the sustainable development goals adopted by the international community in 2015. As a means to this end, Proparco finances businesses that are instrumental in creating decent jobs that pay decent wages, in supplying essential goods and services and in battling climate change.
For more information, go to: http://www.proparco.fr/en and @Proparco