Proparco finances expansion of Zimbabwe's Seed Co

France's Proparco has extended $25 million to Zimbabwe and the region’s biggest seed producer — Seed Co Group - for its expansion in Africa. The seven-year support loan will go towards development of maize dryers in Zimbabwe and it’s other operations in Africa.   

Proparco says the loan is divided into two $12.5 million tranches and will finance the seed giant’s international expansion via a loan to Seed Co Zambia and the development of Seed Co Zimbabwe.