STOA, Progress Builder

Founded in 2017, the STOA investment fund leverages the strengths and extensive experience of its two shareholders. The Caisse des Dépôts brings a long and proven investment track record and the French Development Agency in-depth knowledge of STOA's targeted markets.

Our mission: fulfill French ambitions to support the sustainable development of emerging countries by investing in projects which improve the livelihood of local populations and economic growth. To achieve this, we provide long-term investment to greatly needed infrastructure for people in Africa, Latin-America and South-East Asia.

Backed by stable and sustainable shareholders, STOA's agile and entrepreneurial team is well positioned to become a long-term and trusted partner for all infrastructure project stakeholders.

Our vision

STOA's shareholders have committed €600m which STOA will deploy by 2022. To this end, we draw on the expertise of 85 offices from the AFD (French Development Agency) and Proparco across the globe as well as the network of African Caisses des Dépôts.

Our team supports private and local players in developing and structuring operations and can leverage other sources of funding to significantly drive multiplier effects on amounts invested.


capital investment in Africa

Our projects

Seeking risk-adjusted market returns, we wish to assist companies investing in environmentally and socially responsible infrastructure. We focus on key sectors for viable development:

  • Energy:

    generation, storage, transmission, distribution...

  • Transport:

    roads, ports, airports, railway, urban transport...

  • Environment:

    processing and distribution of water, waste treatment...

  • Telecoms:

    networks, undersea cables, data centers...

We also aim to invest

30 %

of our capital in projects with inherent climate benefit.

Our governance

  • Charles-Henri Malecot
    Chief Executive Officer
  • Marie-Laure Mazaud
    Chief Executive Officer
  • Matthew Saville
    Managing Director

Our team

The team is composed of 15 emerging market infrastructure and energy specialists from different nationalities capable of working in complex environments.
We are a boutique sized team and are alert, efficient, and proactive.

Contact us

151, rue Saint Honoré

75001 PARIS