The U.S. International Development Finance Corporation (DFC) has greenlit a new wave of investments totaling $3 billion across 22 development initiatives globally—positioning Nigeria and other emerging economies to benefit from enhanced infrastructure, economic empowerment, and sustainable growth.
This funding, approved in the first quarter of the year, aims to uplift small and medium-sized businesses, accelerate clean energy solutions, and promote financial stability across developing markets.
Boosting Nigerian SMEs Through Strategic Financing
At the heart of the initiative is a $20 million loan to Loinette Capital, a financing provider focused on helping SMEs across Sub-Saharan Africa. This capital will be used to support Nigerian businesses in acquiring essential equipment, particularly for agriculture and infrastructure projects—sectors critical to the nation’s economic development.
Another significant investment is a $15 million loan to Incofin cvso, an impact investor specializing in agricultural microfinance. This funding will help microfinance institutions provide more tailored support to female entrepreneurs and small-scale farmers, driving inclusive economic growth and strengthening food systems across Africa, Asia, and Latin America.
Climate-Focused Innovation and Financial System Resilience
The DFC is also committing $35 million to the Lendable Decarbonization Fund, which finances early-stage ventures developing clean technologies in renewable energy, agriculture, and eco-friendly transport. This fund is part of a broader strategy to drive climate resilience and carbon reduction in fast-growing economies.
In a joint effort with USAID, the DFC approved a $100 million loan to FCC Securities through its affiliate Frontclear. This support will help improve money market liquidity in developing countries, stabilizing financial systems and fostering long-term investment flows.
Other Global Investments: Health, Reforestation, and Food Security
Beyond Nigeria, other projects in Africa and beyond include:
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Ilara Health Inc. (Kenya) – Received $1 million to upgrade medical infrastructure in under-resourced clinics.
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Carbon Ventures Advisors (DR Congo) – Granted $500,000 to spearhead a large-scale reforestation initiative.
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Ukraine – Approved for up to $325 million in political risk insurance to support grain infrastructure, reinforcing the global food supply and aligning with broader U.S. strategic interests.
Driving Global Impact with Strategic Capital
The DFC’s multibillion-dollar investment push reflects its commitment to inclusive development, climate innovation, and financial resilience. With Nigeria among the top recipients, the move signals growing support for Africa’s private sector and its role in solving local and global challenges.
