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 the sustainable growth of their country.

Who are we?

Founded in 2017, STOA is an investment vehicle held bythe Caisse des dépôts et consignations and Agence Française de Développement (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 sectors.


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


Network, fibre, undersea cables, satellites, data centres.


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


Public buildings, hospitals, clinics, universities, student residencies


  • Power Cameroon

    Investment in an hydroelectric dam project

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  • Power India

    Investment in a wind power platform

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Our news


ESG & Impact Report 2020

STOA's ESG & Impact Report 2020 details our environmental, social and governance strategy and results in 2019, as well as our impact framework to promote the sustainable development of emerging countries.

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STOA's Projects under the Global Health Crisis

Because we only invest in high-impact infrastructure, all of STOA’s projects have been declared as ‘essential infrastructure’ by the public authorities they depend on. We would like to express our full support to all the people affected by the crisis, and notably the employees of our projects who are maintaining an outstanding commitment and level of service under this difficult context.

We will continue to ensure a thorough weekly monitoring of our projects’ response plans to the crisis, and put together a monthly reporting to the attention of our Board of Directors

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