The new CFO, Samuel Mwogeza, is an executive leader with extensive experience in the financial institutions sector across multiple markets.
The firm had its final close on $332 million in capital commitments for its Fund III, which invests in companies in Latin America, India, Southeast Asia, Africa and the Middle East.
Under the partnership, IFC has loaned $5 million to CRDB Bank Burundi S.A. for on-lending to smaller businesses, many of which struggle to access financing for growth, especially in the wake of the COVID-19 pandemic.
BBVA achieved the highest score (100 points) in several areas: financial inclusion; environmental and social information; human capital development; materiality; fiscal strategy; crime prevention; public influence or lobbying; and human rights.
The partnership is dedicated to increasing the financing of small and medium enterprises in the agricultural value chain.
This collaboration will open doors for the provision of financial services to the SAF across a broad spectrum of banking solutions.