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
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 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
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