News and Intelligence for the Development Finance Industry
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
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
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
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 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
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