EDFIs strengthen joint financing platform to promote private sector development

 News

EDFIs strengthen joint financing platform to promote private sector development

27-05-2021

EDFI Management Company (EDFI MC) is reinforced to boost collaboration among European Development Finance Institutions as part of the Team Europe approach.

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Ascent announces first close of Ascent Rift Valley Fund II

 News

Ascent announces first close of Ascent Rift Valley Fund II

18-05-2021

African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million. The final close of ARVF II, with a target of USD 120 million, is expected in December 2021.

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IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

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IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

16-03-2021

IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

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Phatisa Food Fund 2 reaches $143 million final close from DFI commitments

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Phatisa Food Fund 2 reaches $143 million final close from DFI commitments

04-02-2021

CDC Group, Norfund, Finnfund, FinDev Canada and BIO jointly commit $82 million to Phatisa’s second food fund, a Sub-Saharan African fund aiming to create over 2,000 jobs in food and agriculture and to increase agricultural output by 3m tonnes.

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Repousser les frontières des investissements durables

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Repousser les frontières des investissements durables

15-12-2020

An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van Den Bossche on the SDG Frontier Fund, published in Eventail on the 10th of December, written by Cédric Boitte. This article was published in French.

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A statement on the completion of the restructuring of Feronia / PHC

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A statement on the completion of the restructuring of Feronia / PHC

30-11-2020

In July it was announced that Feronia was facing bankruptcy and was to undergo a financial restructuring in order to secure the long-term future of PHC, its palm oil business located in the Democratic Republic of the Congo. On November 23rd, 2020, the formal restructuring agreement between the company and its lenders was signed.

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Attracting Private Climate Finance to Emerging Markets

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Attracting Private Climate Finance to Emerging Markets

12-11-2020

The Climate Finance Leadership Initiative (CFLI), the Association of European Development Finance Institutions (EDFI) and the Global Infrastructure Facility (GIF), are working to identify discrete hurdles to climate finance in emerging markets; support public-private dialogue around those challenges; and highlight ways for the financial sector to help strengthen investment conditions.

This collaborative working paper — called “Private Sector Considerations for Policymakers” — was drafted with the input of experienced lenders and investors. We are now inviting comments from diverse stakeholders across business, government, and civil society to ensure that this document accurately reflects the most critical considerations for attracting private climate finance in emerging markets.

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Action towards green and inclusive recovery

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Action towards green and inclusive recovery

12-11-2020

European DFIs announce new initiatives on climate action and inclusive finance for the African private sector in a bid to align capital flows with the SDGs and the Paris Agreement on Climate.

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European DFIs and EIB launch EUR 280 million financing initiative to support Covid-19 impacted businesses

 News

European DFIs and EIB launch EUR 280 million financing initiative to support Covid-19 impacted businesses

09-11-2020

EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of the Covid-19 pandemic on private sector companies in developing countries.

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