Finnfund, DFC, SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada, have invested $20m in Hewatele, a medical oxygen producer in Kenya.
The Danish Climate Investment Fund (DCIF), managed by IFU, has sold its 6.25% stake in Lake Turkana Wind Power, the largest wind farm in Africa, to the Climate Finance Partnership, a public-private finance vehicle managed by BlackRock.
British International Investment, the UK’s development finance institution and impact investor, has underlined its support for fintech entrepreneurs with a $40 m commitment to a new Apis fund – the Apis Growth Markets Fund III (Apis III). Apis Partners is a UK-based private equity firm investing exclusively in high-growth, capital-light, tech-enabled financial services businesses globally.
EIB Global has announced a $30m equity investment in the Seedstars Africa Ventures I venture capital fund.
The Danish Investment Fund for Developing Countries (IFU), on behalf of the Danish SDG Investment Fund, has invested €21m in Oncologie et Diagnostic du Maroc (ODM), a healthcare provider in Morocco.
British International Investment (BII), the UK’s development finance institution and impact investor, has announced its anchor commitment of $15m equivalent in Tanzanian Shilling to NMB Bank’s (NMB) inaugural sustainability bond offering, known as the NMB Jamii Bond.
The U.S. International Development Finance Corporation (DFC) has committed a $24m equity investment in Miro Forestry Developments Limited (Miro) to expand the company’s sustainable forestry and timber processing on degraded land in West Africa.
British International Investment (BII), the UK’s development finance institution and impact investor, has announced $5m in debt funding for BasiGo, Africa’s leading Electric Bus solution provider.
The Mastercard Foundation Africa Growth Fund ( Fund of Funds, FoF) has invested in three Investment Vehicles (IVs): Chui Ventures, VestedWorld, and SME Impact Fund.
British International Investment (BII), UK’s development finance institution and impact investor, has committed €15m in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $26.5m to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers.
IFC has announced a $50m equity investment in LeapFrog Emerging Consumer Fund IV LP, a new fund by LeapFrog Investments, one of the largest private equity groups dedicated to impact investing in emerging markets.
The European Bank for Reconstruction and Development (EBRD), a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents, will be investing up to €30m in the new Mediterrania Capital Partners’s MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
Turaco, Africa’s tech-enabled affordable insurance company, has acquired a microinsurance company, MicroEnsure Ghana from MIC Global.