Progress Builder

With a proven investment track record as specialists in infrastructure and energy projects, we are committed to  a shared vision of progress and have an entrepreneurial mindset. We work on the development of projects that are key to people’s wellbeing and their country’s sustainable growth.

Who are we?

Founded in 2017, STOA is an investment vehicle with capital from the Caisse des Dépôts and the French Development Agency, intended to finance new and existing infrastructure in developing countries. 

Our Key Sectors


Generation, storage, transmission and distribution in renewable energy, electricity and gas...


Water and waste treatment, sanitation, incineration, heating networks…


Web, fibre optic, undersea cables, data centres, satellites…


Highways, roads, bridges, tunnels, ports, airports, urban transit, railways...


Hospitals, clinics, universities, public buildings, student residencies...


  • Energy Cameroon

    Investment in an hydroelectric dam project

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  • Energy India

    Investment in a wind energy platform

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Our news


STOA attending the 2019 Infraweek event

In the context of the Infraweek, Charles-Henri Malécot, CEO of Stoa spoke at a conference organized by the law firm Orrick on the theme: “Financing sustainable infrastructure in Africa: What are long-term strategic challenges ? ".


5th Forum of world's Caisse des Dépôts held in Dakar

5th Forum of world's Caisse des Dépôts held in Dakar in septembre 2019, in presence of all Caisse des Dépôts from Africa, French Caisse des Dépôts, Belgian and Italian Caisse des Dépôts.

STOA, represented by its CEO Charles-Henri Malécot, took part of the panel discussions aiming at highlighting the advantages of the Caisse des Dépôts model (public investment bank supporting social and other core infrastructure investment) as well as its interactions with the work of others financiers such as development finance institutions  (AfDB, AFD) and investment funds (such as STOA)

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