by the MicroCapital Team -

MICROCAPITAL BRIEF: CRDB Bank Burundi Borrows $5m from IFC for Agricultural Microfinance, SME Lending

The Burundian affiliate of Tanzania’s CRDB Bank recently borrowed USD 5 million from the World Bank Group’s International Finance Corporation (IFC) for on-lending primarily to smaller agribusinesses in Burundi. IFC has agreed to support the loan with technical assistance on designing products that meet the needs of the target borrowers.

CRDB Bank Burundi Managing Director Fredrick Siwale said, “IFC’s financing will help us enhance the availability of long-term

by Sheen Gupta -

MICROCAPITAL BRIEF: CDC, DFC, Norfund Investing $95m in AgDevCo for Agribusiness in Sub-Saharan Africa

AgDevCo, an investor in smaller agribusinesses in Africa, is receiving a funding package of USD 90 million from three development finance institutions (DFIs): USD 50 million in equity from the UK-based CDC Group, USD 20 million in equity from Norway’s Norfund and USD 20 million in debt from the US International Development Finance Corporation (DFC). The organizations

by Tejas Gumudavelly -

MICROCAPITAL BRIEF: Ecom Borrows $200m for Agricultural Value Chains from DFIs, Arranged by FMO

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently arranged a 7-year financing deal of USD 200 million for Ecom, a corporation based in Switzerland that specializes in the trading and processing of coffee, cocoa and cotton. The deal is 30-percent funded by FMO, with the remainder coming from