CDC Group has committed $50.9m in the African ICT sector, helping to boost development of necessary infrastructure and providing rural and underserved communities with access to affordable mobile connectivity.
CDC Group under its African Private Credit Fund Strategy has committed $30m to Vantage Mezzanine Fund IV and $30m to BluePeak Private Capital Fund I.
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced its commitment to Vuna Partners Fund I (Vuna Fund I).
Dutch-based entrepreneurial development bank FMO has invested a further $10m in REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa.
CDC Group has committed $36m to Divercity Urban Property Fund (Divercity), an affordable housing platform focused on the regeneration of South African cities.
CDC Group has announced a $50m trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Joint Development Agreement (JDA) with Cardano Development (CD), committing up to $1m to the development of a credit enhancement facility in Kenya.
Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a €165m project finance deal and €13m grant to secure the financing of Biovea project in Ivory Coast.
AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo.
Vista Bank Group has closed the deal to acquire BNP Paribas’ majority interest in La Banque Internationale pour le Commerce l’Industrie et l’Agriculture du Burkina (BICIAB) in Burkina Faso.
The 2X Challenge, founded by the Development Finance Institutions of the G7 nations, has announced that it would raise at least $15bn for gender-lens investment by the end of 2022 after surpassing its original target by 100%.
CDC Group has provided a $50m risk-sharing facility to Absa Bank to support lending to MSMEs and households through microfinance institutions (MFIs) and non-bank financial institutions (NBFIs) in Africa.
IFC has invested R150m ($10m) in Eris’s South African Student Accommodation Impact Investments Proprietary platform, a new investment platform managed by Eris Property Group.
Proparco has invested $10m in d.light, an innovator of solar energy products, to enable the expansion of the company’s solar and Pay-Go consumer finance business in Africa.