The Kenya government, businesses, conservation groups and utilities have launched Africa’s first water fund, designed to provide a sustained water supply and to generate $21.5m long-term benefits to Kenyan citizens including farmers and businesses.
Schneider Electric, a global specialist in energy management, in partnership with the European development finance institutions, has launched the Energy Access Fund (EAF) to improve access to sustainable energy in Sub-Saharan Africa.
The French government has unveiled a €240bn ($271.56bn) Africa investment fund at the French-African Forum for a Shared Growth in Paris.
Momentum GIM, in conjunction with Eris Property Group, has successfully closed the first tranche of its African Real Estate Fund with $50m commitments from institutional investors, family offices and high networth individuals.
Duet Group, an alternative asset manager, has announced the launch of a UCITS version of its Duet MENA Horizon Fund, a long only equity fund focusing on investment opportunities in listed equities in the Middle East and North Africa region.
African Alliance, an Africa-focused investment banking group, has launched a R65m ($5.64m) AUM unit trust, the African Alliance SA S&P; GIVI Equity Prescient Fund.
Access Power MEA, a power project developer focused on the Middle East and Africa, and EREN, a renewable energy developer, have launched Access Infra Africa, a vehicle that will invest in the early stage development of power projects in Africa.
GEMfonds, a UK-based investment management company, has revealed it plans to launch a $500m Nigeria-focused infrastructure fund in June 2015, alongside Sigrun, a Madrid-based investment banking firm, and The Infrastructure Bank (TIB), a partly Nigeria’s government-owned dedicated infrastructure bank.
Eczellon Capital, an investment bank operating in the Nigerian and other West African markets, has launched a West Africa-focused private equity fund with a target size of $250m.
The Dreyfus Corporation, a BNY Mellon company, has launched the Dreyfus Emerging Markets Debt U.S. Dollar Fund, an actively managed mutual fund with exposure to the African markets.
Business Partners, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched a R300m ($27m) manufacturing fund, which aims to assist SMEs that operate within the manufacturing sector.
Old Mutual Global Investors has collaborated with its colleagues, Old Mutual Investment Group in South Africa, to launch the Old Mutual Pan African Fund for a global client base.
The African Development Bank, the African Union Commission (AUC) and the Economic Commission for Africa (ECA), have launched the Clim-Dev Special Fund (CDSF), a multi-donor fund, which aims to address the challenges associated with climate data and information.
The German development Agency KfW and the Dutch catholic development organization Cordaid have jointly launched FPM SA, a refinancing vehicle targeting microfinance institutions and MSME banks in the Democratic Republic of Congo (DRC).