The IFC African, Latin American and Caribbean Fund LP, Dutch Development Bank, the German Development Finance Institution DEG and FISEA
, a Sub Saharan investment vehicle managed by Proporco and others raised about $ 249.
PROPARCO, through its Sub-Saharan Africa-dedicated vehicle FISEA
, is proud to be part of a development-critical project that will result in multiple benefits for the region, through lower transportation costs, stimulation of commercial exchanges and increased revenues for the states of Uganda and Kenya.
AFD is providing a subsidised EUR 3m loan to mitigate foreign currency risk and Proparco structured the equity investment of FISEA
for a total consideration of EUR 5.