The European Commission (EC) has provided €40m in guarantees to FMO Ventures Program, which will aim to invest a total of €200m in both fund and direct investments in Africa, the European Neighbourhood and Asia (excluding China).
Africa's highest investment-grade rated (AAA) supranational finance institution, the African Development Bank Group, has invested $50m in the equity of Africa Finance Corporation.
The US International Development Finance Corporation (DFC) and African Development Bank are planning to invest a combined $2bn in Africa, with a goal of mobilizing an additional $3bn from the private sector alongside their investments.
The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China and Ghana Cocoa Board (COCOBOD) have signed a $600m syndicated receivables-backed term loan to boost cocoa productivity in Ghana.
The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
The African Development Bank Group has approved loans of around €209m to fund the expansion of a highway that links major economic hubs in Kenya.
The Dutch entrepreneurial development bank, FMO has provided €8m loan to Niche Confectionery, which supports local cocoa processing in Ghana.
The Danish SDG Investment Fund, managed by IFU, has invested DKK45m ($6.67m) in Africa Education Holding, which offers affordable high-quality programmes in labour market relevant studies of medicine, business, IT, law and social sciences.
Africa Finance Corporation (AFC), Africa's investment-grade infrastructure solutions provider, has successfully closed a general syndication, which raised $233m and JPY1bn, the largest debut Samurai Loan by an African issuer.
The Republic of Mauritius has become the twenty-third (23rd) member state of Africa Finance Corporation (AFC), Africa’s investment grade, infrastructure solutions provider.
MIGA, a member of the World Bank Group, has issued €6.9m in guarantees to support the construction, interconnection, operation and maintenance of two solar power plants in Western Senegal.
Africa Finance Corporation (AFC), Africa's investment grade infrastructure solutions provider, has announced the close of general syndication of a minimum $150m dual currency Samurai Term Loan Facility with MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC), acting as Mandated Lead Arranger and Bookrunner.
The National Treasury’s Jobs Fund in South Africa has agreed to contribute R200m to 27four’s Black Business Growth Fund to be used to create jobs through providing funding to black private equity fund managers focussed on investing in mid-market, privately-owned companies for growth.
IFC and MIGA, members of the World Bank Group, have signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate.
