News
16 January 2018

IFC, SocGen, BNP Paribas finance cotton campaign in Burkina Faso

Region:
Middle East & Africa

The International Finance Corportion has signed a €65 million financing facility with Societe Burkinabe des Fibres Textiles (SOFITEX) to finance the 2017-2018 cotton campaign in Burkina Faso. IFC will finance €28.5 million of the facility, while Societe Generale will also provide €28.5 million and BNP Paribas an additional €10 million financing. The facility will allow SOFITEX to buy cotton from its producers and convey it to the Abidjan, Cotonou and Lome ports, from where it will be exported to international markets.

You might also like

Cabo Verde proves African airports are no longer peripheral
Perspective
27 February 2026

Cabo Verde proves African airports are no longer peripheral

Rising investor confidence and a new focus on sustainability are redefining aviation finance in Africa. Thanzi Ramukosi, an investment specialist at Ninety One, which manages...

Afreximbank: Preferred creditor questions for smaller MDBs
Perspective
05 March 2026

Afreximbank: Preferred creditor questions for smaller MDBs

When is a DFI preferred creditor not a preferred creditor? A messy restructuring and a ratings downgrade for Afreximbank could hammer smaller development banks’ cost of...

Must See

Inside the climate finance engine mobilising $2.8bn for global impact
Video
16 February 2026

Inside the climate finance engine mobilising $2.8bn for global impact

Uxolo spoke with Sebastiaan Surie, head of new ventures at Climate Fund Managers to explore how blended finance is driving climate infra investment in emerging markets, from resilient infra to green hydrogen via the combination of public and private capital.

Perspective
27 February 2026

Cabo Verde proves African airports are no longer peripheral

Rising investor confidence and a new focus on sustainability are redefining aviation finance in Africa. Thanzi Ramukosi, an investment specialist at Ninety One, which manages the Emerging Africa & Asia Infrastructure Fund suggests the deal could chart a new course for small island developing states developing resilient, low-carbon infrastructure.

Perspective
05 March 2026

Afreximbank: Preferred creditor questions for smaller MDBs

When is a DFI preferred creditor not a preferred creditor? A messy restructuring and a ratings downgrade for Afreximbank could hammer smaller development banks’ cost of capital and reduce their ability to respond flexibly to the needs of debt-burdened sovereigns.

Events

Exile Intelligence Day
Conference
Mar 9, 2026

Exile Intelligence Day

A one-day senior-level event launching the release of full year 2025 export, commodity, project and development finance data reports from TXF, Proximo and Uxolo.

View more
Exile Intelligence Day NY 2026
Conference
Mar 12, 2026

Exile Intelligence Day NY 2026

Full-year 2025 export, commodity, project and development finance data from TXF, Proximo and Uxolo, discussed at a senior-level, one-day event.

View more
Request a trial