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DRC: AFD Boasts $823M Portfolio in 2024

DRC: AFD Boasts $823M Portfolio in 2024

As of December 31, 2024, projects underway in the Democratic Republic of Congo (DRC) financed by entities within the Agence Française de Développement (AFD) group totaled €760.4 million, or around $823 million at the average exchange rate for 2024.

This portfolio accounted for roughly 24% of the Group’s total commitments in Central Africa, which stand at an estimated €3.2 billion.

The portfolio comprises 61 projects focused on improving access to basic services, strengthening regional resilience, promoting economic diversification, supporting the energy transition, and preserving natural resources. These initiatives are managed by three key institutions within the group: AFD itself, Proparco, and Expertise France.

AFD holds the largest share, with projects valued at €643.5 million (around $696.6 million), followed by Expertise France with $86.6 million, and Proparco with nearly $40 million in active projects.

Between 2020 and 2024, AFD primarily mobilized financing in the DRC through sovereign loans, French government grants, and budget support. Its investments target critical sectors for the country’s development, including infrastructure, transport, urban development, education, vocational training, governance, health, and sustainable natural resource management.

Proparco, the AFD Group’s private sector arm, supports private financial institutions and small and medium-sized enterprises via debt financing, guarantees, and equity instruments.

Expertise France, the Group’s technical cooperation agency, oversees eight projects spanning entrepreneurship, fragility and vulnerability, health, sport, and culture. In 2024, Expertise France expanded its footprint by establishing an operational country office in the DRC during the second quarter.

Boaz Kabeya (intern)

 

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