The Climate Investment Funds (CIF) has approved $21.7m for the United Republic of Tanzania to finance its Geothermal Energy Development Project.
While Africa has huge potential particularly in the infrastructure sector, bankable investment opportunities in Africa must be unlocked, according to Shem Simuyemba, Coordinator for NEPAD-IPPF.
EFG Hermes UAE, a wholly owned subsidiary of EFG Hermes Holding, has agreed to invest $21.5m for a 50% stake in Frontier Investment Management (FIM) Partners.
Imara Asset Management has discontinued two of its African funds, the Imara East Africa Fund and the Imara African Resources Fund.
EFG Hermes’s asset management division has been awarded mandates from Ahli United Bank- Egypt to manage two funds.
Fairfax Africa has agreed to invest a minimum of $130m in Atlas Mara as part of a broader strategic investment announced by Atlas Mara.
South Africa has an opportunity to re-invigorate its affordable residential build sector through the establishment of listed residential funds, according to Standard Bank.
Brainworks, a Mauritian-based holding company with a diversified Zimbabwean investment portfolio, has made its submission to the JSE for its listing on the main board.
Ivory Coast has issued Eurobonds with two tranches: a dollar-denominated 16-year $1.25bn offering at 6.250%, and an eight-year euro-denominated tranche worth €625m, yielding 5.125%.
Old Mutual Emerging Markets (OMEM) has launched a new Wealth and Investment cluster to be headed by Dave Macready, the current CEO of Old Mutual South Africa (OMSA).
Following the completion of South Africa’s largest bookbuild in South African rand, Barclays PLC has sold 33.7% of Barclays Africa’s issued share capital at a price of R132 per share.
As West Africa has become an increasingly attractive investment destination, the importance of a capable infrastructure financial modelling service cannot be understated, Pramodh Debipersad, Project Finance Director for Mazars, has said.
Investments in green energy infrastructure can bolster Africa's economic development and bring it closer to achieving the sustainable development goals (SDGs), according to Juliette Biao Koudenoukpo, Director and Regional Representative of the Africa Office for the UN Environment Programme (UNEP).
Namibia Mortgage Acceptance Corporation (Namibia MAC), a subsidiary of Africa Growth Corporation seeks to raise $250m to accelerate the privately funded affordable housing mortgage market in sub-Saharan Africa.
