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.
Asset allocation by pension funds in sub-Saharan Africa in 2019 has continued to favour equities, according to Bright Africa report.
African Development Bank (AfDB) has approved a $22m senior loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations.
Major US firms have pledged to increase their investment in Equatorial Guinea in 2020, along with Nigerian banking and financial institutions.
FSD Africa Investments has invested $3.2m into MFS Africa and Frontclear, two companies transforming Africa’s financial sector.
CDC Group has announced a €25m commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa.
CDC Group, the UK’s development finance institution and impact investor, has committed $15m to TLcom’s TIDE Africa Fund to support early stage high-growth start-ups across Sub-Saharan Africa (SSA).
