STOA, Progress builder
Our story
Created in November of 2017, STOA combines the strengths of its two shareholders: the Caisse des dépôts et consignation, investment expertise and Agence Française de Développement, strong presence. This joint venture reflects the acknowledgement of a shared DNA: managing environmental, digital and societal transitions through general interest and development missions.
Our name, STOA, means “portico” in ancient Greek. A portico is a meeting place that gave shelter from bad weather. A symbol that stands for us, STOA: the stability of our shareholders combined with a strong entrepreneurial mindset.
Our mission
We provide support to European and local ambitions for emerging countries’ development. To achieve this, we provide long-term investment to infrastructure and power projects with high added value for the men and women of Africa, Latin-America and South-East Asia, which seek compliance with high environmental standards.
Drawing on a creative and proactive team, STOA is a trusted and long-term partner for all market players.
€600
million of committed capital
50%
to be invested in Africa
30%
projects with inherent climate benefit
Our values




Our investment policy
We use the following criteria to select the projects we invest in:
- Projects in developing and emerging countries, primarily in Africa (50%), but also in Latin-America and the Asia-Pacific region
- Greenfield projects expanding or developing new capabilities in 5 key sectors: energy, transport, the environment, telecommunications and social infrastructure
- Profitable projects requiring long-term investments (15-25 years) in which we hold a minority share, with a ticket size between €10 and €50 million per acquisition
- Responsible investments that meet strict ESG criteria
Our shareholders

