News and Intelligence for the Development Finance Industry
DEG, the investment arm of German state-owned development bank KfW, is proposing a $40 million financing package for Salvadoran sugar producer Compañía Azucarera Salvadoreña S.A. de C.V., according to project documents seen by DevFiNews. The proposed investment will fund efficiency upgrades and refinance short-term debt, as development lenders continue to back sustainable agribusiness projects in … Read more
French development finance institution Proparco has committed $15 million to Lightrock Latam Fund II, expanding its exposure to climate and impact-focused companies in Latin America. The commitment brings Proparco’s total exposure with Lightrock to $25 million, including a previously announced $10 million co-investment in ComBio, a Brazilian renewable thermal energy company, the firms said in … Read more
The International Finance Corporation (IFC) is considering financing for a €262 million wind power project in Ukraine, as the country seeks to strengthen electricity supply and expand domestic renewable generation amid wartime pressure on its energy system, according to a disclosure seen by DevFiNews. IFC plans to provide about €42 million from its own account … 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
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
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