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Canada’s bilateral Development Finance Institution, FinDev Canada, announces a US$ 35 million commitment to Pembani Remgro Infrastructure Fund II (PRIF II or the Fund), an infrastructure-focused private equity fund providing equity and quasi-equity capital to projects and companies primarily located in Sub-Saharan Africa.

Canada’s bilateral Development Finance Institution, FinDev Canada, announces a US$ 40 million equity commitment to Creador VI L.P (“Creador VI” or “the Fund”), a private equity (“PE”) fund operating in the Indo-Pacific with a target fund size of US$ 800 million.

Today, FinDev Canada, Canada’s bilateral Development Finance Institution, FMO, the Dutch entrepreneurial development Bank, TDB, Eastern and Southern African Trade & Development Bank, and other lenders announce the signing of a syndicated US$ 394 million Sustainability-Linked Loan (“SLL”) to ETC Group (“ETG” or the “Company”), a global conglomerate with a strong foothold in Africa and expertise across various industries.

At COP29, Canada’s bilateral Development Finance Institution, FinDev Canada, MUFG Bank, Ltd. (MUFG), the Green Climate Fund (GCF) and Climate Fund Managers are near to reaching an agreement towards launching GAIA, a US$ 1.48 billion blended finance platform that aims to support high-impact climate adaptation and mitigation projects in up to 25 emerging markets and developing economies, marking a significant mobilization of climate finance.

Canada’s bilateral Development Finance Institution, FinDev Canada, IDB Invest, and Dutch Development Finance Institution, FMO announce a US$ 56.4 million loan to Energía Turística S.A. (Enertur), a subsidiary of InterEnergy Group in the Dominican Republic.