NSIA Banque lands €100M debt facility for Ivory Coast SMEs and climate
What's the deal? NSIA Banque Côte d'IvoireDealroom has a profile for this one. Try Dealroom → has secured a €100 million syndicated credit facility led by CitibankDealroom has a profile for this one. Try Dealroom →, with FinDev CanadaDealroom has a profile for this one. Try Dealroom → contributing €40 million and KEXIM Global (Singapore) Ltd. also participating. The debt will expand financial services for underserved populations and small and medium-sized enterprises (SMEs) in Côte d'Ivoire.
Where the money goes: NSIA will allocate 50% of the loan to SMEs and 30% to businesses owned or led by women. The remainder will fund climate projects, including solar photovoltaic installations in commercial, industrial, and office buildings.
Why now? Côte d'Ivoire is highly exposed to climate shocks that disrupt agricultural output and food security. Estimates put the country's mitigation needs at $10 billion to meet its national climate targets.
Why it matters: This is FinDev Canada's first direct investment in Côte d'Ivoire. The Canadian development finance institution frames the deal as part of its broader Africa strategy.
"Cet investissement illustre comment FinDev Canada collabore avec des institutions financières de premier plan pour mobiliser des capitaux dans les marchés prioritaires," said Lori Kerr, chief executive officer of FinDev Canada.
SMEs in Côte d'Ivoire still face barriers that limit growth, job creation, and their role in the country's economy, according to FinDev Canada. NSIA said the facility strengthens its support for private-sector borrowers and female entrepreneurs.
The signal: The deal shows development finance institutions and commercial lenders teaming up to channel capital into African markets, pairing SME lending with renewable energy and energy-efficiency goals.
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