DFC announced that it will provide a $3.3 million technical assistance grant to Senegalese vaccine manufacturer Fondation Institut Pasteur de Dakar (IPD) to support development of a vaccine production hub that will serve Senegal and other countries in West Africa.

The investment in IPD — which will also receive grant financing from the International Finance Corporation (IFC), the European Investment Bank (EIB), and the French Development Agency, AFD — comes at a critical time for Africa, which has the lowest vaccination rate of any continent. The support from DFC and its partners will not only advance the global response to COVID-19, but also help contribute to health resilience in Africa for years to come.
Making a New Commitment to Gender Equity
DFC announced a new goal to mobilize at least $12 billion by 2025 under its 2X Women's Initiative, helping support 15 million women and girls, including those from marginalized communities and fragile and post-conflict settings.
Increasing Access to Energy Across Sierra Leone
DFC committed to provide $217 in debt financing for a new 83 MW power plant in Freetown, which will substantially increase generation capacity in a country where only 15 percent of the population has reliable access to power.
NIH and DFC Highlight Global Vaccination Efforts
Dr. Francis Collins, Director of the National Institutes of Health, and DFC COO David Marchick discussed the need for quick and efficient access to vaccines across the developing world, as well as DFC's efforts to advance global vaccine distribution.
Delivering Renewable Wind Power to Kenya
The Kipeto wind farm in Kenya began commercial operations in July, supplying power to approximately 250,000 households across the country! The project was supported by financing and reinsurance from DFC.
Discussing DFC's Mission and Impact with UNCDF
DFC Managing Director Dia Martin joined a recent episode of the UN Capital Development Fund's podcast, Capital Musings, to highlight how DFC is promoting development and creating impact across emerging markets.
Fostering COVID-19 Recovery for SMEs in Sri Lanka
$75 million in financing is helping NDB Bank, a leader in SME and gender-lens investing in Sri Lanka, improve financial inclusivity and uplift women-driven businesses across the country.
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