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Tags archive: FMO

Home /Tag: FMO
DealStreet Africa

Equity Bank receives US$50m from FMO for SME lending

January 13, 2021 0

KENYA - Equity Bank Kenya has secured US$50 million from the Dutch Development Bank (FMO) for onward lending to small and medium-sized firms hit by…

DealStreet Africa

FMO’s MASSIF invests US$0.3m in Women’s Investment Club for economic growth of Africa

December 15, 2020 0

WEST AFRICA - MASSIF, the financial inclusion fund managed by FMO on behalf of the Dutch government, has made a follow-on investment of €0.25 million…

DealStreet Africa

FMO signs US$598k convertible note to ZIZ Energie to improve green energy access

December 1, 2020 0

CHAD – FMO, a Dutch Entrepreneurial Development Bank, has signed an €500,000 (US$598,280) convertible note through its Ventures Program to ZIZ Energie (ZIZ), a privately-owned…

Financial Services

FMO to co-invest with Ezdehar Egypt in resin manufacture Eagle Chemicals Group

November 13, 2020 0

EGYPT – Ezdehar Egypt MidCap Fund, a private equity fund, has invited FMO, the Dutch Development Bank, to co-invest in Eagle Chemicals Group, a leading…

Investments, Financials & Economy

South African bank Sasfin receives US$35m guarantee from NASIRA fund

November 6, 2020 0

SOUTH AFRICA – NASIRA Fund, a COVID-19 emergency facility set by the EU and FMO’s NASIRA fund has provided a 7-year $35m guarantee to the…

LATEST NEWS

India’s Husk Power Systems receives US$5 million from FMO

October 8, 2020 0

AFRICA - Mini-grid supplier Husk Power Systems has been awarded $5 million by the Dutch development finance company Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO). The company…

DealStreet Africa

Greenlight Planet Inc. secures $90 million funding for expansion

September 23, 2020 0

KENYA - Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new…

Agriculture & Agribusiness

FMO plans to inject US$2.5m in SA agri-tech startup Aerobotics

September 2, 2020 0

SOUTH AFRICA – Dutch development financier FMO is seeking to invest R42.75 million (US$2.5m) in Aerobotics, a South African Agritech company. The proposed investment will come…

DealStreet Africa

Egypt’s fintech startup Paymob to fast-track regional expansion after raising US$3.5m

August 13, 2020 0

EGYPT – Egyptian fintech startup, Paymob will now be able to fast-track its regional expansion after successfully raising US$3.5 million in a round led by…

DealStreet Africa

Nigeria’s Access Bank secures US$93.8 syndicated loan from FMO, Proparco, and Symbiotics

August 7, 2020 0

NIGERIA - Access Bank, Africa’s largest bank by customer base, has secured a syndicated loan amounting to US$93.8 from FMO, Proparco and Symbiotics to enable…

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