PROPARCO West Africa May 2017 Overview of Proparco PROPARCO is a - - PowerPoint PPT Presentation

PROPARCO – West Africa

May 2017

PROPARCO is a subsidiary of the Agence Fran çaise de Dével oppement (AFD) devoted to the financing of the private sector in developing countries

Overview of Proparco

• AFD : one of the main development

institutions, 100% owned by the French State  EUR 30 Bn of total assets  EUR 8 Bn of new commitments/year

• PROPARCO : one of the main development

institutions dedicated to the private sector  A unique community of Public/ Private & North/South investors  EUR 5 Bn of total assets EUR 4 Bn in portfolio  EUR 1 Bn of new commitments/year  Strong partnerships with EDFIs

• PROPARCO combines long term and

sustainable objectives with the financial requirements of the private sector Agence Française de Développement French banks

BNPP, BPCE, CDC, Coface, Crédit Agricole, Natixis, SG

French companies

Bolloré, Bouygues, GDF – Suez, Saur, SIPH, Socotec, SOMDIAA, Veolia

International banks and

• rganizations

AKFED, BMCE, BOA, BOAD, CAF, DBSA, DEG, Amundi

PROPARCO

22% 2% 13% 63%

Stimulating growth and job creation Developing and deepening financial markets Promoting responsible and sustainable economic models. Long term financing tools

(debt, equity or guarantee)

Wide range of sectors

(infrastructures, agribusiness, manufacturing, health, education, banks …)

Any kind of private companies

(no restriction regarding the nationality)

PROPARCO promotes private investment in emerging and developing countries with the view of supporting growth and sustainable development

Positioning and operating model

Financing Objectives A strong network of partners

(multilateral institutions, EDFI, private investors, commercial banks, etc…)

Capacity to support projects

(technical assistance, participation in the governance…)

Recognized market and sector expertise

(capacity to attract investors’ and authorities’ confidence)

Extended local presence

(deep knowledge of the countries, direct contact with the authorities,…)

PROPARCO can rely on a network of 13 regional offices (6 based in Africa), and also

• n the AFD’s network of 70 offices (40 based in Africa).

Geographical coverage

Johannesburg Nairobi Casablanca Abidjan Covers the ECOWAS (excepted Nigeria) Istanbul Bangkok Douala Mexico city Sao Paulo New Delhi Lagos

• PROPARCO can support local as well as regional and international organizations thanks to its

extensive local presence, which is a key element to :  Maintain close relationships with the business networks  Better understand the environment (regarding politics, macro-economy, safety…)

Beijing Sainto Dominguo

A diversified activity with a strong focus on Sub-Saharan Africa

Key figures

Worldwide

• Portfolio > EUR 4 Bn
• EUR ~ 1 Bn of new commitments / year

representing about 60 – 70 projects / year

• 450 clients
• 3% of non performing loans
• Breakdown by sector :

 45% financial sector  30% infrastructures  20% companies  5% investment funds

• 2015 impacts (ex-ante estimation) :

 More than 750 000 direct jobs created

• r maintained

 876 000 t CO2-eq avoided or reduced  1 405 MW of power capacity financed, including 786 MW of renewable energy Africa

• More than 50% of Proparco’s commitments

 EUR 1, 5 Bn in Sub-Saharan Africa  EUR 0,8 Bn in the Mediterranean region

• ~ 650 M EUR of new commitments / year

West Africa

• Portfolio > EUR 500 M
• New commitments > EUR 150 M / year

representing about 15 projects / year

PROPARCO provides its clients with diversified long term products

Financial products

• Senior debts
• Carbon efficiency, governance, E&S policies, risks …
• Ariz (AFD – local banks) for projects < EUR 4 M
• Proparco for projects > EUR 4 M
• In EUR or USD
• Long maturity (from 5 to 15y or more), grace period possible
• From EUR 5 M to EUR 100 M +
• Guarantees
• Equity
• FISEA or PROPARCO, from EUR 1 M to EUR 40 M
• Capital development : supporting operators which have already proved themselves
• Minority stake only
• Quasi-equity
• In EUR or USD
• From EUR 3 M to EUR 30 M
• Mix between fixed and profit-related returns
• Technical assistance

Financial tools Features / Added Values Proparco finances projects at market conditions (i.e. without any subsidy) but with the balancing

• f financial and developmental approaches.

PROPARCO provides direct financing to structuring projects in a wide range of sectors

• Power plants

 Ciprel IVB, Ivory Coast  Azito III, Ivory Coast  Takoradi II, Ghana  Kounoune, Senegal  Senergy, Senegal

• Ports

 DP World, Senegal  Lome Terminal Container, Togo

• Airports

 Aeria, Ivory Coast

• Other

 Eaton Towers, Niger

• Agro-industry

 SUCRIVOIRE, Sugar, Ivory Coast  PALMCI, Palm oil, Ivory Coast  GREL, Rubber, Ghana  OLAM, Cocoa, Ivory Coast  AGRISATCH, Poultry, Benin  FANMILK, Diary products, Multi-countries

• Hotels

 Azalai – Salam and Hotel School, Mali  Teyliom - Chain Conakry, Guinea

• Manufacturing

 CDS, Cement, Senegal  SCANCEM, Cement, Multi-countries

• Services

 AfriMarket, Multi-countries

INFRASTRUCTURES

Examples of recent projects in West Africa ( 1 / 2 )

CORPORATES

PROPARCO supports the economies and especially SMEs by strengthening financial intermediaries with debt and equity

• Banks

 BICICI, Ivory Coast  BICIGUI, Guinea  SG, Benin, Burkina, Ghana, Senegal  BOA Group, Multi-countries  Oragroup, Multi-countries  Cal Bank, Fidelity, Ghana  HFC, GHL, Access Bank, Ghana  GT Bank, Liberia

• Insurances

 NSIA, Multi-countries  Activa, Multi-countries

• Other

 Alios Finance, Leasing, Multi-countries  Advans, Microfinance, Ivory Coast  SOAGA, Brokerage, Benin

• Generalist funds

 I&P  AfricInvest  ECP IV  Abraaj  Enko  Cauris  …

• Thematic funds

 Injaro  Aureos Health  IP Dev II  Enko Education

FINANCIAL INSTITUTIONS INVESTMENT FUNDS

Examples of recent projects in West Africa ( 2 / 2 )

www.proparco.fr

PROPARCO – WEST AFRICA

Investin sting in a s sustai ainabl ble future

Bd François Mitterrand 01 BP 1814 Abidjan Côte d’Ivoire Tél. (225) 22 40 70 14

• Fax. (225) 22 44 21 78

LAURENT FARGE

REGIONAL DIRECTOR fargel@proparco.fr

• Tel. (225) 22 40 70 14

MATTHIEU ODOUX

INVESTMENT OFFICER

• douxm@proparco.fr
• Tel. (225) 22 40 70 13

FATOU SOUMAHORO

ASSISTANT soumahorof@proparco.fr

• Tel. (225) 22 40 70 14

CELESTIN TANOH

SENIOR INVESTMENT OFFICER tanohc@proparco.fr

• Tel. (225) 22 40 70 96

FREDERIC BITTAR

INVESTMENT OFFICER bittarf@proparco.fr

• Tel. (225) 22 40 70 31

ANGE PASCAL KOUASSI

INVESTMENT OFFICER kouassiap@proparco.fr

• Tel. (225) 22 48 16 01

DANIELLE KANGA-EBA

ASSISTANT kangaebad@proparco.fr

• Tel. (225) 22 48 16 03

AURELIE ETTE ASKIA

INVESTMENT OFFICER askiaa@afd.fr

• Tel. (225) 22 40 70 29