On Monday, September 23, 2024, Proparco announced an investment of $15 million in the capital of the South African investment fund, Pembani Remgro Infrastructure Fund II (PRIF II).

Many efforts are being made by institutions to reduce the financing gap for infrastructure projects in Africa, which is estimated at $100 billion per year. For this reason, the funding announced by Proparco will be allocated to sustainable infrastructure projects across Africa. In fact, PRIF II will study opportunities concerning logistics, transport and electricity, and on emerging segments including energy transition, digital infrastructure, waste recovery, and energy efficiency. It plans to raise up to $400 million for sustainable infrastructure projects in Africa, had received support from institutions such as the African Development Bank. (BAD ), which committed $20 million in July 2023 and British International Investissement (BII), which invested $15 million in it in November 2023. PRIF II contributes by mobilizing private capital for infrastructure development in Africa, to reducing the financing gap in the sector, estimated style="font-family: "Bookman Old Style”, "serif">& nbsp; to 100 billion dollars per year by the bad