Maris, an investment holding company with more than USD 100 Mn under management across nine sub-Saharan African countries, has received USD 12 Mn financing from France’s development finance institution, Proparco. The climate-aligned investment targets renewable energy, agriculture, forestry, and business services and will help Maris build its diverse portfolio of businesses across Africa.
Proparco’s investment is made under the FISEA+ initiative, a high-impact investment facility that supports micro, small and medium-sized enterprises in Africa. It is owned by Proparco’s parent company, the French Development Agency (AFD), and is part of the Choose Africa initiative. Its investment will support the growth of Maris’ other portfolio companies including Equator Energy, Equator Mobility, and META Group.
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