News and Intelligence for the Development Finance Industry
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
Proposed distributed renewable energy investment vehicle Zafiri is targeting an initial capitalization of $300 million to scale off-grid and decentralized energy solutions across Sub-Saharan Africa, according to documents seen by DevFiNews. The move higlights a shift toward blended and permanent capital structures in development finance. International Finance Corporation (IFC), a member of the World Bank … Read more
World Bank Group’s International Finance Corporation (IFC) is proposing an investment of up to $40 million in structured equity to support the expansion of Metito Utilities Limited, according to a disclosure seen by DevFiNews. The move underscores a broader shift toward platform-level financing in emerging markets infrastructure. The investment, structured as convertible redeemable preferred shares, … Read more
Acumen is targeting $80 million for a Pakistan-focused climate and agribusiness private equity fund that deploys a blended capital structure to back early- and growth-stage companies, according to project disclosures seen by DevFiNews. The vehicle, Acumen Climate Action Pakistan Cooperatief U.A. (ACAP), is designed with around 66.25% senior equity and at least 33.75% junior equity, … Read more
Dutch development lender FMO is providing a $20 million senior unsecured facility to Georgia-based JSC Microbank Crystal to support the expansion of its micro, small and medium enterprise (MSME) lending portfolio, with a focus on inclusive and green finance. The facility comprises a $10 million committed tranche and a further $10 million uncommitted portion, offering … Read more
Dutch development lender FMO is providing ZAR333.33 million ($19.8 million) in financing to South Africa-based Gledhow Sugar Company to support the expansion and modernization of its sugar mill in KwaDukuza, KwaZulu-Natal. In a disclosure, FMO said the financing will fund the installation of newer and more efficient equipment designed to reduce steam use and improve … Read more
The Asian Development Bank approved a $75 million loan and $2 million grant to strengthen Turkmenistan’s nursing workforce, marking the lender’s first health sector investment in the Central Asian nation. The financing from ADB and Japan’s Fund for Prosperous and Resilient Asia and the Pacific will support the Improving Nursing Quality and Capacity Project, aimed … Read more
Philippine-listed companies and firms planning to go public will need to meet stricter sustainability requirements to qualify for the country’s new Philippine Green Equity Label, the Securities and Exchange Commission (SEC) said on Thursday. The guidelines, the first of their kind in Southeast Asia, require companies to demonstrate that at least half of their revenues … Read more
Indonesia’s infrastructure minister called for sustainable, low-carbon infrastructure development to advance the country’s energy transition, acknowledging significant challenges in meeting renewable energy targets. “The future must be built upon sustainable infrastructure, one that is not only strong and efficient, but also low-carbon, climate-resilient, and inclusive,” Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono … Read more