ARM-Harith Gets $76m at First Close
ARM-Harith Infrastructure Investments has announced the first close of its successor climate transition fund at approximately $76 million.
ARM-Harith Infrastructure Investments has announced the first close of its successor climate transition fund at approximately $76 million.
3IF Ventures, the first impact venture capital fund dedicated to Africa’s insurance start-up ecosystem, has announced the first close of its Inclusive Insurance Investment Fund at $12 million.
Enexus Finance has advised Malagasy conglomerate Talys Group on securing a €9 million debt facility from the International Finance Corporation (IFC), providing funding to support the expansion of the group's retail and distribution businesses across Madagascar.
Africa Finance Corporation (AFC) has raised a $2 billion syndicated loan, increasing the facility from an initial $1.6 billion target, supported by a broad base of international lenders.
African banks continued to outperform global peers, delivering some of the highest returns in the global financial system, driven by strong interest margins, rising fee income, and rapid digital adoption, according to a recent McKinsey report.
Standard Bank has acted as Joint Financial Adviser and Transaction Sponsor to CANAL+ on its secondary inward listing on the Johannesburg Stock Exchange (JSE), enabling the company's shares to trade on both the JSE and the London Stock Exchange.
Knife Capital has exited its stake in VoxCroft Analytics' US entity through a sale to Redpoint Advisors, a US-based intelligence advisory firm, marking a successful exit for the venture capital firm's KNF II fund and underscoring growing international interest in African-developed technology.
Ecobank Group has launched the first International Capital Market Association (ICMA) commercial bank-issued Nature Bond, raising $450 million to support sustainable agriculture, biodiversity protection and water infrastructure projects across Africa.
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a $20 million senior secured portfolio debt facility to Anzana Electric Group to accelerate the construction of run-of-river hydropower projects across Africa.
The Private Infrastructure Development Group (PIDG) has joined an investor consortium to close the final funding gap for a $137 million maritime infrastructure project in Ghana, paving the way for financial close and construction of the Takoradi Floating Dock Project, known as Shiprite.