Proparco signs a $30 million agreement with DFCU bank
Proparco, a susbsidiary of the Agence Française de Développement (AFD) supporting private sector signed an agreement with DFCU bank on December 12th to support Ugandan SMBs.
According to this agreement, the FMO (a Dutch development bank) and Proparco both agreed to give $15 millions to the Uganda bank DFCU in order to support SMBs growth in Uganda.
A signing ceremony was held to finalize the agreement. Jean-Benoît du Chalard, Proparco representative for the East African region, Virginie Leroy, AFD representative in Uganda and Clément Moutel, the First Counselor of the French Embassy, all were present at the ceremony.
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