Bill & Melinda Gates Foundation will spend $8.3bn this year to continue its work fighting poverty, disease, and inequity, according to CEO Mark Suzman.
The African Development Bank (AfDB) (as mandated lead arranger), the Eastern and Southern African Trade & Development Bank (TDB) and Finnfund, have provided a $72m debt funding to Globeleq for the 35MW Menengai geothermal project in Nakuru County, Kenya.
British International Investment (BII) and African Guarantee Fund (AGF), a Pan African guarantee provider, have partnered on a $75m re-guarantee agreement for Small and Medium Enterprises (SMEs) across Africa.
IFC has launched a new $225m platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors in Africa, Middle East, Central Asia, and Pakistan.
The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export Import Bank (Afreximbank), has invested $85m in ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and operator.
FNB has invested R200m in the Vumela Enterprise Development Fund, a fund established in 2009 by FNB Commercial and Edge Growth.
2022 was a record fiscal year for DFC with numerous deals that demonstrate the development and strategic impact that our work can have, according to CEO Scott Nathan.
New Forests, along with its investment partners British International Investment (BII), Norfund and Finnfund, have agreed to invest $200m in the African Forestry Impact Platform (AFIP).
DFC, U.S. International Development Finance Corporation, has agreed to invest $40m in the Energy Entrepreneurs Growth Fund (EEGF), in a mix of junior and senior notes.
Standard Bank and the SA SME Fund have joined other credible investors in backing venture capital firm Knife Capital’s new $50m African Series B expansion fund, Knife Fund III.
The Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund have invested $60m in the African Women Impact Fund (AWIF) Initiative.
The African Development Bank (AfDB) has issued a R200m 1-year Green Bond due September 2023, the first AfDB Green Bond denominated in ZAR.
The International Finance Corporation (IFC) has offered a $35m financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food production to strengthen food security in sub-Saharan Africa.
The Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, to introduce each other to potential transactions and seek to collaborate and share risk.
