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.

View source

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

Video

16 February 2026

Inside the climate finance engine mobilising $2.8bn for...

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...

Perspectives: Kexim ups emphasis on equity and project fund investment

Interview

19 February 2026

Perspectives: Kexim ups emphasis on equity and project fund...

Seung-Hoon Lee is now head of Export-Import Bank of Korea (Kexim’s) investment finance team, having recently been director of the new development finance team in the agency’s...

Must See

AgriConnect: Blending policy and financial support

Expert opinion

11 February 2026

AgriConnect: Blending policy and financial support

There is huge potential to improve self-sufficiency and export earnings in African agriculture. AgriConnect hopes to develop the tools to do so.

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.

Interview

19 February 2026

Perspectives: Kexim ups emphasis on equity and project fund investment

Seung-Hoon Lee is now head of Export-Import Bank of Korea (Kexim’s) investment finance team, having recently been director of the new development finance team in the agency’s economic development promotion department. He discusses the agency’s new emphasis on direct equity investment in companies and project funds. How will this affect its longer term finance offering, support export credit, and also its development finance strategy?

Events

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.