📋 Tender Overview
Project Number: 47753
Company Name: BIX FM B.V.
Date SPI Disclosed: Apr 22, 2024
Country: Africa Region
Region: Africa
Projected Board Date: Jun 28, 2024
Environmental Category: FI-2
Status: Pending Approval
Last Updated Date: May 31, 2024
Department: Regional Industry - FIG Africa
Industry: Funds
Sector: Other Non-Private Equity Fund
Additional Project Attributes: Blended Finance
Project Description
IFC is considering an investment of up to US$15 million in BIX2 Fund (BIX2 or the Fund), a structured debt fund with a target size of US$80 million. The Project is composed of (i) an up to US$12.5 million investment in the Fund’s senior tranche for IFC’s own account; and (ii) an up to US$2.5 million investment in the Fund’s mezzanine tranche by Blended Finance through the Canada-IFC Blended Climate Finance Program (BCFP) as described in the Blended Finance Section.
The Fund will provide pre-financing of impact receivables (carbon, health, and gender) to manufacturers and distributors of household appliances that address climate, health, and gender challenges for low-income households.
Total Project Cost and amount and nature of IFC's Investment: The Project consists of an investment of up to US$12.5 million for IFC’s own account and an investment of up to US$2.5 million provided by IFC as implementing entity for the Canada-IFC Blended Climate Finance Program (BCFP).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
