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.
Africa Finance Corporation, an infrastructure development finance institution in Africa, has successfully closed a €577m debt financing for Société Ivoirienne de Raffinage (SIR) of Côte d'Ivoire.
IFC, a member of the World Bank Group, has announced a $6m equity investment in Kobo360, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria.
The African Development Bank has approved a $7.5m equity investment in Africa Tech Ventures (ATV) Fund to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare.
FMO has launched a global forestry investment programme with the initial extension of $20m in financing to plantation companies operating in Ghana and Sierra Leone in West Africa and Laos in Southeast Asia.
Dutch development bank FMO has extended a 65% partial guarantee on a 108m Ethiopian Birr ($4m) loan by the Commercial Bank of Ethiopia (CBE) to the Vision Fund Microfinance Institution (VFMFI).
CDC, the UK’s development finance institution, has invested $180m in Liquid Telecom, the largest independent fibre and cloud provider in Africa.
FinDev Canada has announced a $20m commitment made to Climate Investor One’s (CIO) Construction Equity Fund to support the transition to renewable energy in emerging markets, helping avoid approximately 1.2 million tons of CO2 emissions.