Baker McKenzie has advised Proparco, a subsidiary of the Agence Française de Développement (AFD) dedicated to the private sector, in the context of the signature of a $10m loan granted to Africure Pharmaceuticals.
Africure is an Indian manufacturer and distributor of generic pharmaceutical products sold in Sub-Saharan Africa.
This loan should allow more than 2.6 million people better access to essential medication and vaccines by 2024. The development of the Africure activities will also create or support around 800 direct and indirect jobs.
Proparco was advised by Baker McKenzie with an international team led by Michael Foundethakis, partner in charge of the Bank & Finance Practice in Paris, Thomas Lefebvre, senior associate in Paris and Luka Lightfoot, an associate based in London.