US International Development Finance Corporation DFC has invested $35m in Lumos, Africa’s solar home system provider, to expand its existing market for reliable, accessible and clean solar power in Nigeria.
The Republic of Djibouti has launched the Djibouti Sovereign Fund (Fonds Souverain de Djibouti - FSD) aimed at turbocharging the country's development.
EDFI AgriFI (AgriFI), the Agriculture Financing Initiative funded by the EU, and BIO, have invested the equivalent of €6m in USD in Alterfin, a Belgian social investor targeting smallholder farming in developing countries.
Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud.
DEG has provided a $30m long-term loan to First National Bank Ghana, a commercial bank in Ghana.
FMO has invested $10m in the eco.business Fund to support its recently launched sub-Saharan Africa sub-fund.
FMO, Proparco and Symbiotics have agreed to provide a subordinated syndicated loan totaling $93.8m to Access Bank, a Nigerian multinational commercial bank, owned by Access Bank Group.
SEAF Morocco Growth Fund (SMGF), an investment fund whose strategy is to invest in seed to early-stage innovative companies with high-growth potential in Morocco, has welcomed ASMA Invest as a new investor.
IFU and Norfund have jointly provided $9m in debt financing to Asilia Africa, a safari operator in East Africa, to fund the company during the COVID-19 crisis and sustain the impact until the safari tourism is back to normal.
FMO has approved the commitment of $10m in senior shares of Eco.business II Sub-Fund (EBF II), an open ended debt fund managed by Finance-In-Motion.
CDC Group, the UK’s development finance institution and impact investor, has announced an additional $75m commitment to its existing trade finance facility with Absa Bank.
IFC, a member of the World Bank Group, has issued a €25m, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the COVID-19 pandemic.
The US International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
IFU, on behalf of the Danish SDG Investment Fund, has invested DKK 290m ($44.11) in Humania, which builds and operates private hospitals in Egypt and Morocco.