During the Africa Forward summit held in Nairobi (Kenya) on May 11 and 12, 2026, Proparco, a subsidiary of the French Development Agency (AFD), and Atlantic Group officially signed a memorandum of understanding (MoU). This document establishes a framework for a long-term strategic partnership aimed at supporting the growth of high-impact African private sector players. This alliance is based on a common desire to support sectors essential to the structural transformation of the continent, leveraging Atlantic Group’s multisectoral presence and extensive regional footprint.
The cooperation will specifically target investments in the real economy, including agro-industry, cement industry, mining, and financial services. Atlantic Group plays a key role in industrialization, job creation, and financial inclusion in its various markets. For Proparco, this partnership is part of a strategy to support African groups with a strong and diversified regional presence, in order to amplify local economic successes on a continental scale.
Operationally, the AFD subsidiary commits to mobilizing a comprehensive range of financial instruments to support projects of Atlantic Group and its subsidiaries. This includes direct financing solutions, guarantee mechanisms, and dedicated technical support. This support aims to accelerate the impact of the pan-African group in its key sectors, while strengthening its intervention and financing capacities in the national economies where it operates.
The leaders of both organizations emphasized that this memorandum of understanding reflects their commitment to valuing local expertise and the dynamism of the African private sector. According to the management of Atlantic Group, this collaboration is expected to enhance the performance and structuring of its activities. For Proparco, this agreement illustrates the belief that sustainable development in Africa requires support for leading groups capable of catalyzing growth and financial inclusion across the continent.
