Zalar Agri raises US$24 million from the International Finance Corporation (IFC)
On January 23, 2020, Zalar Agri, a Moroccan company specialized in the production and marketing of fruits and vegetables, finalized fundraising of US$24 million from the International Finance Corporation (IFC), a subsidiary of the World Bank Group.
Financial Close for the Azito “Phase IV” IPP expansion in Côte d’Ivoire
ASAFO & Co. has advised the Sponsors Globeleq and IPS West Africa (a subsidiary of the Aga Khan’s “AKFED” fund) and project company Azito Energie on the financing of the 250MW combined cycle expansion of the Azito gas fired power plant in Yopougon, Côte d'Ivoire.
Signing of Concession Agreement for the 46 MW Biovéa biomass power project
In December 2019, Biovéa Energie SA and the Government of Côte d’Ivoire signed a 25-year concession agreement for the design, construction, financing, operation and transfer of the Biovéa project, a 46 MW biomass power project in Ayebo.