FMO is providing significant loans and grants totaling USD 45 million to various financial institutions and funds across Africa and Asia, with a focus on promoting financial inclusion, sustainability, and support for underserved segments of the economy.

Target Information

The ALCB Fund, a significant entity in the financing landscape across Africa, is receiving a senior loan of USD 45 million from FMO and FMO Investment Management. This funding aims to enhance long-term local currency financing, fostering initiatives in financial inclusion, support for Micro, Small, and Medium Enterprises (MSMEs), renewable energy, and agricultural development. The ALCB Fund plays a pivotal role in facilitating bond issuances that contribute to the maturation of local capital markets while actively engaging African institutional investors.

In addition to the ALCB Fund, FMO is also involved in financing various financial institutions across emerging economies. This strategic engagement underscores FMO’s commitment to fostering sustainable and inclusive growth by expanding access to financial services, particularly for underserved segments of the population.

Industry Overview in the Target's Specific Country

The financial services sector in Africa is undergoing a transformative phase marked by increased efforts to promote financial inclusion. Many countries in the region are witnessing a surge in innovative financing mechanisms aimed at addressing the n