Dutch development bank FMO has supported the expansion of the fully integrated Yalelo Tilapia farm in Zambia with a $10.5m senior secured loan facility, partly funded by Building Prospects, a high impact fund, managed on behalf of the Dutch government.
The Islamic Development Bank (IsDB), a multilateral development bank, has agreed to contribute $3m to the multi-partner Somalia Infrastructure Fund (SIF).
The European Investment Bank (EIB) has signed a commitment of $15m with the SPE Africa Industrialization Fund I (AIF I), which seeks to contribute to the development of the private sector in North Africa.
The African Development Bank has approved a $20m equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners.
CDC has committed the equivalent of $12.5m to PEG Africa (PEG), a distributor of solar home systems (SHS) in the African region.
Mintirho Foundation, Coca-Cola Beverages South Africa’s (CCBSA) foundation, has invested R25m in Hya Matla Organics, an innovative start-up whose core business is turning water hyacinth into viable commercial products such as fertiliser and animal feed.
The Overseas Private Investment Corporation has surpassed initial targets to catalyze $1bn to global women’s economic empowerment through its 2X Women’s Initiative.
The Investment Fund for Developing Countries (IFU), a Danish Development Finance Institution (DFI), has invested $12m in Sidian Bank as part of the broader initiative to grow the bank to Tier 2 status.
FMO has invested in dopay, a technology start-up company in Egypt that aims to break the cash cycle at the payroll of underserved employees in emerging markets.
The Overseas Private Investment Corporation (OPIC) has committed $10m to support the introduction of off-grid solar kits and appliances in Chad.
The Overseas Private Investment Corporation (OPIC) has provided initial financing to SunFunder’s $85m Solar Energy Transformation Fund, which supports businesses providing solar solutions to some of the millions of people in Sub-Saharan Africa and India who lack access to electricity.
Finnfund, a Finnish development finance company, has provided a €2.5m secured loan to Africado, a Tanzanian avocado producer.
FMO NL Business and ABN AMRO have jointly provided $15m to SMT Guinea Transhipment Company in support of their transshipment services in Guinea.
CDC has made a $15m commitment to CardinalStone Capital Advisors Growth Fund (CCAGF), which has recently achieved a $50m first close.