Deal Summary
On January 2, 2025, the U.S. International Development Finance Corporation (DFC), announced a $20 million bond investment in Solevo MEA B.V. (Solevo), a leading pan-African specialty chemicals distributor. The investment will enhance Solevo’s distribution capacity for agricultural inputs in Côte d’Ivoire, including tailored NPK blended fertilisers, organic solutions, and biological products. Solevo, majority-owned by Development Partners International LLP (DPI) through its African Development Partners III fund, was acquired by DPI in 2023 as part of its strategy to support transformative businesses in Africa. Aimed at boosting the availability of high-quality agricultural inputs, the investment aligns with the United States Global Food Security Strategy (GFSS) to foster more resilient supply chains and bolster food security in Africa, by improving the availability of high-quality agricultural inputs, fostering more resilient supply chains, and bolstering food security across the continent. The deal was announced as part of DFC’s broader commitment of nearly $3 billion
