NCBA Group Managing Director, John Gachora and (R) Regional Head of Proparco, East Africa, Audrey Maignan shake hands on USD 50m partnership deal as Ambassador of France to Kenya and Somalia H.E. Arnaud Suquet and NCBA Group Chairman, James Ndegwa look on.
NCBA Group and Proparco, a subsidiary of the French Development Agency, have announced a partnership deal that aims to support the growth and development of the banking sector in Africa.
The partnership will focus on providing financial resources and expertise to help expand access to banking services and drive economic growth in the region.
NCBA Group is one of the leading financial institutions in Africa, with a strong presence in several countries across the continent. Proparco is a development finance institution that specializes in supporting private sector projects in emerging markets.
Through this partnership, NCBA Group and Proparco will work together to identify and finance projects that promote financial inclusion, sustainable development, and job creation in Africa.
This collaboration is expected to have a significant impact on the banking sector in the region and contribute to overall economic development.
Both NCBA Group and Proparco are committed to driving sustainable development in Africa, and this partnership is a testament to their shared vision and commitment to supporting the growth of the banking sector on the continent.
This collaboration is expected to benefit businesses and individuals in Africa by providing them with access to essential financial services that will help them grow and thrive in a rapidly evolving economic landscape.
Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.
He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.
Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.