Norfund, the Norwegian development finance institution, has invested NOK 235m ($20.6m) in the Urban Resilience Fund (TURF), which focuses on sustainable urban infrastructure in rapidly growing cities.
FMO has agreed to invest in Camco REPP 2 SCSp, a newly created fund providing debt and hybrid instruments to renewable energy projects and companies in Sub-Saharan Africa, focusing on least developed countries (LDCs).
Côte d’Ivoire has joined the European Bank for Reconstruction and Development (EBRD), becoming its 76th shareholder.
ODDO BHF, a Franco-German financial group, has joined Proparco’s Trade Finance Guarantee Program as a confirming bank, strengthening its role in international trade finance, especially in Africa.
African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region.
The African Development Bank Group has approved a $10m concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region.
Schroders Capital and BlueOrchard have invested $5m through the Green Earth Impact Fund (GEIF) into the African Infrastructure Investment Fund 4 (AIIF4), a growth-oriented infrastructure fund contributing towards climate change mitigation and climate change adaptation across Africa.
The Development Bank of Southern Africa (DBSA) and AXIAN Group have signed an agreement to invest in the Africa50 Infrastructure Acceleration Fund (IAF).
GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor, expect to unlock $500m of new renewable power development through a groundbreaking deal with Etana Energy, the South African energy trading company.
The OPEC Fund for International Development (the OPEC Fund) has signed a $40m loan as part of a $394m sustainability-linked loan for ETC Group (ETG), one of Africa’s largest agricultural commodity supply chain managers.
Mashreq, a financial institutions in the MENA region, has announced a $50m trade finance partnership with British International Investment (BII), the UK’s development finance institution and impact investor – to boost cross-border trade finance in key emerging markets across South Asia and Africa.
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a $30m risk-sharing and blended local currency co-financing facility to InfraCredit, a specialised infrastructure credit guarantee institution, to support clean energy transition in Nigeria.
The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank FMO acting as co-mandated lead arrangers, alongside DEG, have announced a €84m investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the southern Senegalese region of Kolda.
British International Investment (BII), the UK's development finance institution and impact investor, has announced a $25m risk sharing facility with Ecobank Sierra Leone to boost private sector growth in high-impact sectors of the economy.
