News and Intelligence for the Development Finance Industry
The International Finance Corporation (IFC) is backing Bangladesh’s push to modernize its maritime logistics sector with up to $82 million in proposed financing for Akij Shipping, as the South Asian economy seeks more efficient freight capacity and cleaner shipping operations. The 10-year senior secured facility will support the acquisition of three to four second-hand Ultramax … Read more
Dutch development bank FMO is considering a $12.5 million senior debt investment in M-KOPA’s Kenya electric mobility business to support financing for electric motorcycles and batteries aimed at micro-entrepreneurs in the country. According to project disclosures seen by DevFiNews, the proposed financing would support M-KOPA Kenya Mobility Ltd’s growing portfolio of electric motorbike receivables and … Read more
The International Finance Corporation (IFC), a member of the World Bank Group, is considering a potential equity investment of up to $25 million in Virunga Africa Fund II, a planned $500 million growth equity vehicle targeting mid- to large-cap African companies in sectors including healthcare, education, digital infrastructure, financial services, and consumer goods. The fund … Read more
The International Finance Corporation is proposing an investment of up to $110 million in a securitisation facility backed by SME receivables originated by Philippine fintech lender First Circle, marking what could become IFC’s first securitisation transaction in the country. The proposed financing package includes up to $30 million from IFC’s own account, comprising as much … Read more
Argentine renewable energy platform 360 Energy is seeking up to $120 million in syndicated financing led by Dutch development bank FMO to fund new solar projects and refinance existing debt, according to a disclosure seen by DevFiNews. The move highlights how development lenders are stepping in to provide scarce long-term capital in one of Latin … Read more
Dutch development bank FMO plans to provide up to $60 million in long-term financing for a 900-megawatt wind power project in Egypt, backing one of the country’s largest renewable energy developments as Cairo seeks to expand clean energy capacity and diversify its electricity mix. The financing will support the development and construction of the Gulf … Read more
The Asian Development Bank has signed a $116 million financing package with Saudi Arabia-based renewable energy developer Acwa Power to support a 300-megawatt wind power project in Uzbekistan The financing for the Bash 2 wind project in Uzbekistan’s Bukhara region includes a $50 million loan from ADB’s ordinary capital resources, $41 million mobilized from commercial … Read more
The International Finance Corporation (IFC) is considering an investment of up to $40 million in a Peru-focused trade receivables fund, as the World Bank Group member seeks to expand non-bank financing channels for micro, small, and medium enterprises in the country. The proposed commitment, equivalent in Peruvian soles, would account for up to 20% of … Read more
Dutch development bank FMO is providing 55 million euros ($62 million) in loans to support one of Côte d’Ivoire’s first privately owned solar power projects, according to documents seen by DevFiNews. The transaction comes as development finance institutions step in to bridge long-term funding gaps for renewable infrastructure in frontier African markets. FMO said the … Read more
Germany has joined the Asian Development Bank (ADB)’s Nature Solutions Finance Hub as a financing partner, committing €5.5 million ($6.5 million) in grant cofinancing to support biodiversity and ecosystem projects across Asia and the Pacific. The funding, provided by Germany’s Federal Ministry for Economic Cooperation and Development and implemented by GIZ, will help the hub … Read more