Lead party: Proparco (AFD Group) (lender)
Coverage: The Meridian legal market record (editorial).
Sterling Bank secured a US$30 million senior credit facility from Proparco. 80% goes to renewable energy projects and 20% to agricultural SMEs. It was signed in Lagos by Sterling MD Abubakar Suleiman and AFD CEO Christophe Lecourtier. It is the first Sterling–Proparco partnership. No advisers are named.
Value (as reported): US$30 million.
Parties: Lender: Proparco (AFD Group); Borrower: Sterling Bank Plc.
Jurisdiction (as reported): Nigeria · Sector (as reported): Banking / Renewable energy & agri finance.
Source: LinkedIn firm publication, posted 29 October 2026. Meridian record LI-DL-2026-0294.
