AfDB Backs Three African PE Funds
The African Development Bank Group has approved a series of equity investments totaling over $37m to support high-growth and early-stage enterprises across Africa.
The African Development Bank Group has approved a series of equity investments totaling over $37m to support high-growth and early-stage enterprises across Africa.
FirstRand Bank (FRB) has become the first commercial bank globally to issue an outcomes-based bond that directly links investor returns to verified ecological and environmental restoration outcomes, marking a significant evolution in sustainable finance.
The Bank of Tanzania (BOT) has made an undisclosed equity investment in the Africa Finance Corporation (AFC), becoming a sovereign shareholder and further strengthening the Corporation’s diversified capital base and pan-African ownership structure.
FSD Africa Investments and Allied Climate Partners have announced a combined anchor commitment of $50 million to the first close of the African Transition Acceleration Fund, a new investment vehicle aimed at accelerating Africa’s energy transition.
British International Investment (BII) has partnered with Deutsche Bank to launch a $150 million risk-sharing programme aimed at expanding trade finance across some of Africa’s most underserved markets.
EIB Global will invest €40 million in Speedinvest’s first Africa-focused fund to support financing for technology startups across the continent.
The African Development Bank Group has approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The European Investment Bank (EIB) Group deployed more than €9bn through EIB Global, its arm for international partnerships and development finance, in 2025.
British International Investment (BII), the UK’s development finance institution and impact investor, and Alexforbes Investments (Alexforbes), South Africa’s largest multimanager, have each committed R500m to the Revego Africa Energy Fund.
Canada’s bilateral Development Finance Institution, FinDev Canada, has announced a $15m loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF, a 7-year global-focused debt fund with a target size of $250m.
FSD Africa Investments (FSDAi), a UK-backed specialist financial sector investor, has announced a $7.5m investment in the Ci-Gaba (Progress) Fund, a Ghanaian-domiciled fund of funds designed to mobilise pension capital into private equity and private debt investments across Ghana and West Africa.
The European Investment Bank (EIB), through its development arm – EIB Global, has agreed to invest $37.5m in Alta Semper Fund II to support the growth of pharmaceutical and healthcare companies across Africa, including medical equipment and technologies.
DEG is providing South Africa’s FirstRand Bank with a syndicated loan of $300m to finance investments in renewable energies and to support German companies.
British International Investment (BII), the UK’s development finance institution and impact investor, has committed $37m to the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt.