ARGENTINA > IFC, Natixis and Rabobank have arranged a $295 million long- term pre-export financing package for agribusiness company Vincentin in Argentina

IFC logo For supporting the working capital needs for exports of oil seed, oil and sub products, Vincetin has received a $295 million long- term pre-export financing package from IFC, a member of the World Bank Group, Natixis and Rabobank. Having a strategic relationships with Vicentin for more than 20 years, IFC, Natixis and Rabobank have been providing financing, mobilizing resources and More …

CAMBODIA > IFC, a member of the World Bank Group, commits a convertible loan of US $26 million to China’s furniture manufacturer – Morris Holding

IFC logo For expansion in Cambodia and China, Morris Holdings Limited has received a convertible loan of 200 million Hong Kong dollar (or $26 million) from IFC. Morris Holdings Limited is a Chinese manufacturer of affordable furniture and this project is set to help raise productivity in the wood products sector for both Cambodia and China and is also set to promote More …

EGYPT> IFC invests $635 million in Egypt’s solar power plants

IFC logo IFC,  an institution that is member of World Bank Group, announced in July 20 to invest $635 million to construct and operate up to 11 solar plants in Egypt. All the plants combined capacity will be 500 Megawatts. This investment is part of the Egypt’s prestigious solar energy plant Feed-In Tariff (FIT) program, totaling $730 million that aims to harness More …

NEPAL > IFC and FMO invests US$ 5.5 MM on Fairfield Marriott Hotel

MarriottInternational.svg The International Finance Corporation (IFC) and FMO (a Dutch development bank) together have invested $5.5 million to develop Fairfield Marriott in Thamel, at the heart of the city of Kathmandu. IFC and FMO will be splitting their investment ($2.75 million each) into the company called Nepal Hospitality and Hotel Pvt Ltd. which will be operating the three-star mid market hotel with More …

INDIA > International Finance Corp. (IFC) to invest $47.5Mn in Granules India

International_Finance_Corporation_logo International Finance Corporation (IFC) to invest $47.5 million in Granules India Limited. The investment comes after plans of Granules India to expand its existing capacity to bulk manufacture drugs in Vishakhapatnam, India.   About Granules India Limited Granules India Limited is an Indian pharmaceutical manufacturing company based in Hyderabad, India. It was formed in 1984 as Triton Laboratories. The Company manufactures tablets, Pharmaceutical Formulation Intermediates (PFIs) and active More …

EGYPT > IFC to Inject $20 Million in Hassan Allam Holding

international_finance_corporation_logo International Finance Corporation (IFC) plans to invest $20 MN for equity in Egyptian private construction company, Hassan Allam Holding. The investment will help Hassan Allam Holding to expand its equipment fleet and other construction related facilities as well as take partial ownership stakes in several long-term infrastructure projects in Egypt. It has history of construction of large-scale infrastructure projects such as power More …

MYANMAR > AIIB to Finance Energy Project in Myanmar

myingyan The Asian Infrastructure Investment Bank (AIIB) recently approved a US$20 million loan to finance a 225 MW Combined Cycle Gas Turbine Power Plant Project in Myingyan, Myanmar, co-financed with other Multilateral Development Banks and commercial banks according to AIIB’s press release. The power plant will be the largest Gas-Fired Independent Power Producer (IPP) in Myanmar and it aims to helps pacify the More …