Finnish development financier Finnfund has signed a pioneering $5m long-term senior debt financing to Starsight Power Utility group in Nigeria.
African and non-regional donors have pledged $17m to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the African continent.
The US Agency for International Development (USAID) has announced $500,000 in funding and $100,000 in technical assistance to the Women's World Banking Asset Management (WAM) blended-finance fund.
AFD and Proparco, with the support of the European Union and the African, Caribbean and Pacific Group of States, have launched EURIZ, a new scheme enabling financial institutions to partially hedge their credit risk.
MTN has pledged R1m to support disaster relief and recovery efforts in KwaZulu-Natal following the heavy rains and flooding that claimed the lives of more than 70 people, and displaced thousands of residents this week.
The Dutch Ministry of Foreign Affairs has renewed the mandate of FMO’s Infrastructure Development Fund (IDF) and topped the fund with €100m.
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.