IFC, a member of the World Bank Group, has announced an investment up to $20m into SPE AIF I, a fund managed by SPE Capital Partners, a newly independent, institutionalized private equity fund manager operating in MENA.
FMO has invested $25m in DPI’s African Development Partners III, a pan-African fund targeting established and growing consumer-focused companies.
African Development Bank has approved a $10m equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent.
Finnfund has agreed to invest $1m in Kasha, an e-commerce platform improving women’s access to genuine health, hygiene and self-care products in East Africa.
The European Bank for Reconstruction and Development (EBRD) has provided a €15m loan to Varroc Lighting Systems Morocco that will provide training and employment opportunities for young people in the country.
The African Development Bank (AfDB) has raised a $3bn in a 3-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.
The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160m to the first close of the Facility for Energy Inclusion (FEI).
The African Development Bank has approved a €12m stake in the capital of the Yeelen fund, a 12-year investment fund domiciled in Mauritius and Lomé.
Africa Finance Corporation has announced a $63m strategic investment to construct and operate a 60MW wind project in the Ghoubet area, near Lake Assal in Djibouti.
The European Investment Bank (EIB) expects to significantly increase engagement in both Sub-Saharan and North Africa and to provide €4bn to support public and private investment across the continent in 2020.
FMO has recently invested $2.8m into Acumen’s Pioneer Energy Investment Initiative (PEII), surpassing the PEII’s goal of raising US$20m to bridge the funding gap in off-grid energy and accelerate energy access across the developing world.
IFC, a member of the World Bank Group, has announced a $24m in financing, including a $12m C loan for IFC’s own account and a mobilization of a $12m B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers.
IFC, a member of the World Bank Group, has announced an investment of up to €50m in Habesha Breweries S.C. to help the company expand operations in Ethiopia and increase local barley sourcing from smallholder farmers.
Standard Chartered Tanzania has signed a facility agreement with the Government of Tanzania Ministry of Finance to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora.
