The recent announcement of PROPARCO’s €20 million investment in Amethis Fund III in Africa is a major step in supporting medium-sized companies that contribute to the continent’s economy. This strategic collaboration between PROPARCO and Amethis aims to strengthen sustainable and inclusive economic development by supporting African entrepreneurship, particularly that of women, and the creation of quality jobs.
This initiative underlines PROPARCO’s commitment to reducing socio-economic and gender inequalities in Africa. PROPARCO’s CEO, Françoise Lombard, highlighted the importance of this partnership with Amethis, a historic partner sharing the same values and objectives of sustainable growth in Africa. For their part, Amethis’ Managing Partners, Luc Rigouzzo and Laurent Demey, expressed their pride in counting on PROPARCO’s support to foster inclusive growth on the continent.
This investment is part of a series of financings granted by international institutions such as the International Finance Corporation, the European Investment Bank and the Swedish Development Finance Institution. Amethis, a pan-African private equity platform, has attracted a wide range of investors since its creation in 2012, thus demonstrating its credibility and positive impact on the communities it serves.
Beyond the financial dimension, this investment reflects a commitment to sustainable and inclusive growth in Africa. It highlights the importance of supporting local entrepreneurship, which creates wealth and jobs, while promoting the economic autonomy of women. By joining forces, PROPARCO and Amethis are helping to shape a brighter future for Africa, where economic development goes hand in hand with social inclusion and the reduction of inequalities.
In conclusion, PROPARCO’s investment in Amethis Fund III in Africa represents an important step towards building a more equitable and sustainable economy on the continent. This collaboration illustrates the shared vision of two major development players in favor of inclusive and environmentally friendly growth.