The U.S. International Development Finance Corporation (DFC) has approved 22 transactions worth nearly $3 billion in Q1 to support small businesses and strengthen infrastructure globally, with Nigeria among the key beneficiaries.
A standout deal includes a $20 million loan to Loinette Capital, an asset-financing company empowering SMEs across Sub-Saharan Africa with machinery essential for agriculture and infrastructure development.
Also, a $15 million loan to Incofin cvso will enable financing for women entrepreneurs and smallholder farmers, supporting agriculture-focused microfinance institutions across Africa, Asia, and Latin America.
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DFC will also provide $35 million to Lendable Decarbonization Fund, targeting innovative startups in clean energy, agriculture, and transport sectors.
In a collaboration with USAID, a $100 million loan to FCC Securities will boost money market liquidity in emerging economies through its affiliate, Frontclear.
Other beneficiaries include Ilara Health Inc. in Kenya with $1 million to upgrade underserved clinics; Carbon Ventures Advisors with $500,000 to develop a reforestation project in DR Congo; and up to $325 million in political risk insurance for grain infrastructure in Ukraine, a move aligned with U.S. foreign policy and global food security efforts.
