British International Investment (BII) and FMO have announced a $116m joint commitment to African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM).
Angola, Africa’s largest oil producer, has partnered with the Africa Finance Corporation as a shareholder and its 35th member state.
DFC, the U.S. International Development Finance Corporation, has agreed to invest $280m in Access Bank in Nigeria alongside Access Bank Managing Director Roosevelt Ogbonna.
FMO, the Dutch entrepreneurial development bank, has committed $10m in Algebra Ventures’ second fund.
Standard Bank and British International Investment (BII) have partnered with Scatec and H1 Holdings to successfully reach financial close on the first sizable battery energy storage and photovoltaic (PV) solar project in South Africa.
Standard Bank has led the arrangement of a R6bn sustainability-linked term facility and a R800m sustainability-linked working capital facility for Motus, the first ZAR-based sustainability-linked funding in the South African automotive sector.
British International Investment (BII), the UK government’s Development Finance Institution, has announced a $20m, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Bank of America, ARCH Emerging Markets Partners, and Microsoft Climate Innovation Fund have invested $25m in Africa’s first project financing facility for mini-grids, CrossBoundary Energy Access (CBEA).
Proparco, Swedfund and STOA have invested $80m in Serengeti Energy, a Sub-Saharan hydro and solar-specialized independent power producer which develops, constructs, owns and operates grid-connected renewable energy resources in a region that is currently heavily dependent on fossil fuels.
British International Investment (BII), the UK's development finance institution (DFI), has subscribed to a $75m Green Basket Bond arranged by Symbiotics, an emerging markets access platform and financial lender.
Proparco, the private financing arm of Group Agence Française de Développement (AFD Group), has agreed to invest $10m in MUA, a regional insurer with operations in Mauritius, Kenya, Uganda, Rwanda, Tanzania, and the Seychelles.
Shelter Afrique, a pan-African housing finance and development institution has issued its debut ₦46bn ($110.7m) Series 1 Fixed Rate Senior Unsecured Bond Issuance in Nigeria’s capital market under its ₦200bn ($481.3m) bond issuance programme.
IFU and Norfund have invested $27.9m in Continental Blue Investments Ghana (CBI), a producer of cement in Ghana that operates a 550,000 tons p.a. facility outside Accra in southern Ghana.
CDC Group, the UK’s development finance institution and impact investor, has been formally renamed British International Investment (BII).