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


STOA and AFD Group's contribution to PPPs

STOA actively contributes to the success of public private partnerships (PPPs) catalyzed by the AFD, thanks to the implementation of optimal financial conditions for the conduct of ambitious and essential projects to the populations of developing countries. Our intervention is tightly linked to the ones of the AFD Group -notably Proparco- and their partner Expertise France. 

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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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