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.
CDC Group, the UK’s development finance institution, has invested $30m in Momentum Africa Real Estate Fund (MAREF), an African commercial real estate development joint venture between Momentum Global Investment Management and Eris Property Group.
CDC Group,the UK’s development finance institution, has committed $25m to the Synergy Private Equity Fund II, a Nigerian fund backing small and medium-sized businesses.
More than 60% of professional investors expect foreign direct investment into Africa to increase over the next five years, according to a research from UWIN (Unleashing the Wealth in Nations).
The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), African Trade Insurance Agency (ATI) and GuarantCo, have launched a Co-Guarantee Platform (CGP).
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has invested $100m in Africell Holdings to expand access to telecommunications in Africa.
The Development Bank of Southern Africa (DBSA) has been awarded funding to the value of $55.6m from the Green Climate Fund (GCF) to establish a R2bn Climate Finance Facility (CFF).
Africa Finance Corporation (AFC), an infrastructure development finance institution in Africa, has acquired a $300m loan facility from the Export-Import Bank of China (CEXIM).