Proparco and DEG have signed a $150m credit facility to The Mauritius Commercial Bank (MCB) to finance long-term corporate and infrastructure projects in Mauritius and sub-Saharan Africa.
Dutch Development Bank FMO has granted a loan of $40m to I&M Bank Kenya, to boost lending to small and medium sized enterprises in the country.
The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia.
CDC Group and the OPEC Fund for International Development (OFID), as well as renowned private investors have invested over $20m in the Regional Education Finance Fund for Africa (REFFA).
Finnfund, a Finnish development finance company, has committed $10m to an impact fund for sustainable forestry, the Arbaro Fund.
The Overseas Private Investment Corporation (OPIC) has approved $426m in financing and political risk insurance across three projects that will advance development in Africa.
MIGA, a member of the World Bank Group, has issued a guarantee of $105.4m in support of the construction of the first wind farm in Senegal.
The African Development Bank has approved a $15m equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in West Africa.
IFC has stepped up its investments in the Middle East and North Africa, committing a record $2bn to support the region’s private sector, boost innovation, drive economic growth, and create jobs.
The UK Prime Minister Theresa May has announced a range of measures to boost much-needed investment in businesses and infrastructure across Africa, including an additional £4bn of private sector investment into the continent.
The Overseas Private Investment Corporation (OPIC) has provided a $5m loan to Tugende, which supports small business lending and expanded transportation in Uganda by providing lease-to-own financing to motorcycle taxi drivers.
Zambia’a pension funds and insurance companies have invested $445m and local developers have invested $80m in new property developments between 2014 and 2017, according to Urban Africa Property Group.
CDC and Globeleq have announced a $66m debt investment in Malindi Solar Group, to build a 52MWp solar photovoltaic power plant in South-East Kenya.
IFC, a member of the World Bank Group, has announced a new $1bn debt financing for Indorama Eleme Fertilizer & Chemicals, Nigeria.