The Sovereign Fund of Egypt (TSFE) and EFG Hermes have agreed to acquire 76% of the capital of Arab Investment Bank (AIB).
DFC and FMO have launched the $75m DFC-MASSIF COVID-19 Response Co-Financing Facility, which seeks to bring liquidity to financial intermediaries to support MSMEs impacted by the COVID-19 crisis and promote new investment to support economic sustainability in developing countries.
MFS Africa, a pan-African fintech company, operating the largest digital payments hub on the continent, had provided seed investment of $3m to Maviance, a Cameroon-based fintech provider.
CDC Group, the UK's development finance institution and impact investor, has announced a $100m debt commitment to ETG, an agricultural conglomerate connecting smallholder farmers to global markets through its operations in 48 countries worldwide.
The Rockefeller Foundation and the Private Infrastructure Development Group (PIDG), through its company GuarantCo, have invested in Acre Impact Capital, an impact-focused investment manager.
Finnfund, a Finnish development financier and impact investor, has announced a $26m commitment to African Development Partners III (ADP III), a pan-African private equity fund.
FMO, OeEB and Swedfund have agreed to invest €50m to the Interact Climate Change Facility (ICCF), a co-financing facility providing financing to climate-related investments in emerging markets.
The Mauritius Commercial Bank (MCB) has provided $60m funding to Karpowership to fuel Senegal’s national electrification and LNG-use ambitions.
DFC has funded the first $25m tranche of DFC’s $100m loan to WaterEquity’s Global Access Fund, a $150m impact investment vehicle targeting inclusive financial institutions in emerging markets to scale up water and sanitation microloan portfolios.
The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank have signed a $114m financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
DFC has announced a rolling Call for Applications from private equity, growth capital, infrastructure, and venture capital fund managers seeking DFC investment for funds targeting climate mitigation, adaptation, and solutions.
IFC and the IFC Financial Institutions Growth Fund, have invested in Adumo, South Africa's largest independent payment provider with a presence in 13 African countries.
The African Development Bank has committed $530m to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions.
FMO, FinDev Canada, and OeEB have announced a $115m syndicated loan facility that will allow Agri Commodities and Finance (ACF), one of the main trading companies of Export Trading Group (ETG) to improve and expand its operations in Africa.
