The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
The African Development Bank Group has approved loans of around €209m to fund the expansion of a highway that links major economic hubs in Kenya.
The Dutch entrepreneurial development bank, FMO has provided €8m loan to Niche Confectionery, which supports local cocoa processing in Ghana.
The Danish SDG Investment Fund, managed by IFU, has invested DKK45m ($6.67m) in Africa Education Holding, which offers affordable high-quality programmes in labour market relevant studies of medicine, business, IT, law and social sciences.
Africa Finance Corporation (AFC), Africa's investment-grade infrastructure solutions provider, has successfully closed a general syndication, which raised $233m and JPY1bn, the largest debut Samurai Loan by an African issuer.
The Republic of Mauritius has become the twenty-third (23rd) member state of Africa Finance Corporation (AFC), Africa’s investment grade, infrastructure solutions provider.
MIGA, a member of the World Bank Group, has issued €6.9m in guarantees to support the construction, interconnection, operation and maintenance of two solar power plants in Western Senegal.
Africa Finance Corporation (AFC), Africa's investment grade infrastructure solutions provider, has announced the close of general syndication of a minimum $150m dual currency Samurai Term Loan Facility with MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), acting as Mandated Lead Arranger and Bookrunner.
The National Treasury’s Jobs Fund in South Africa has agreed to contribute R200m to 27four’s Black Business Growth Fund to be used to create jobs through providing funding to black private equity fund managers focussed on investing in mid-market, privately-owned companies for growth.
IFC and MIGA, members of the World Bank Group, have signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate.
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has financed Aker Energy, a subsidiary of Aker ASA, one of the highest-quality-rated companies in the Norwegian market and a leader in oil, gas and industrials.
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.