We're supporting enhanced #foodsecurity, stronger agri value chains, and more economic opportunities in Nigeria and the African continent with Valency: https://lnkd.in/gipuwgqw
Valency International Pte Ltd. is an integrated supply chain manager and commodity trader active across Africa and Asia, trading Africa-sourced commodities to Asian markets with 18 subsidiaries round the world. Through a Proparco-led transaction and together with DEG, we provided a USD 20 mln in financing to support Valency's expansion of agricultural and food processing operations in #Nigeria. This will allow Valency to invest in projects that enhance food security, promote sustainable agricultural practices, and contribute to community development. Some of the projects our financing will support include:

🌾 Expanding their cashew kernel factor
🌾 Setting up a supply chain complex to bolster food security
🌾 Expanding their #FMCG factory to develop new product lines
🌾 Setting up a multi seed crushing plant to scale value-added projects out of Nigeria

We're pleased that to have worked closely with our fellow DFIs to partner with Valency in this transaction which clearly underscores the importance of agriculture across the African continent. We look forward to seeing the joint impact that'll be created through this investment!

#DevelopmentFinance #ImpactInvesting

Together with KERNEL, we're bolstering Ukraine's agri sector through our first direct investment in #Ukraine since the onset of the full-scale war: https://lnkd.in/eWDkCPb8

The Ukraine #agricultural sector constitutes approximately 10% of Ukraine's GDP and employs one in six Ukrainian workers. Kernel is the largest grain exporter in Ukraine and also accounts for 9% of global sunflower oil exports. To support this vital sector, we've joined Kernel’s Pre-Export Facility with a USD 25 million participation, led by Rabobank and ING, and supported by another development finance institution, the Black Sea Trade & Development Bank (BSTDB). Our funding will be used to procure various seeds from local farmers for processing and exporting of oils and meals to global market.

This double-first for FMO (our first direct Ukrainian investment since the full-scale Russian invasion, and first with Kernel) signifies a major milestone in our commitment to support Ukraine during these challenging times. We remain steadfastly committed to standing by our customers and look forward to a long-term partnership with Kernel.

What does successful collaboration between donor agencies and DFIs look like? The latest Africa Resilience Investment Accelerator (ARIA) publication sheds some light on this very question: https://lnkd.in/dr3TMAgc

ARIA is a joint initiative we founded with British International Investment, which aims to address systemic barriers in African #frontiermarkets. This is part of our #marketcreation approach, which aims to make projects and businesses bankable and provide enough business opportunities for impact investors to invest in. Through in-depth research with 10 collaborative programs, this latest ARIA publication identifies key success factors and showcases the results that can be achieved through working more closely together. There are also targeted recommendations for enhancing collaboration in future, grouped into three categories:

➡️ Aligning on strategies and creating incentives for collaboration
➡️ Building capacity and awareness
➡️ Adopting compatible operational models and tools that meet the needs of businesses in frontier markets

Access the key findings in the PDF below, or read the full report here: https://lnkd.in/dr3TMAgc

What companies and projects does FMO invest in?

We've just published our Monthly Transaction Overview so you can read more about which #projects we supported November 2024. Read it here: https://lnkd.in/d7Pib_BP
#ImpactInvesting #PioneerDevelopScale #DevelopmentFinance

We’re supporting financial inclusion for SMEs in Côte d’Ivoire through an investment in NSIA Banque Cote d'Ivoire.

Small and medium sized enterprises are the engine of Côte d’Ivoire’s economy, accounting for 98% of all firms, as well as providing 23% of the country’s private-sector jobs and 20% for the country’s GDP. However, their access to finance is limited and significant potential remains unrealized. Through our first partnership with an Ivorian bank, NSIA will use the funding to expand its lending to SMEs and small corporates across Ivory Coast.

The EUR 30 mln facility—part of a EUR 90 mln syndicated facility led by DEG and with Proparco—will also support NSIA’s becoming an E&S champion, a move which is much needed in a country facing certain E&S risks. NSIA has already been incorporating environmental and social standards within their lending activities, and we look forward to the impact they’ll achieve through this partnership.

#ImpactInvesting #DevelopmentFinance