Allianz Group, one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers, has signed an agreement to acquire 8% in Africa’s reinsurer Africa Re.
MIGA, a member of the World Bank Group, has issued guarantees amounting to $71.9m in support of the construction, operation and maintenance of a float glass plant in Nigeria.
Swedfund has invested $10m in TLG Credit Opportunities Fund (COF) to enable small and medium-sized enterprises in Sub-Saharan Africa to access growth capital and thereby expand their operations.
Proparco has acquired an equity stake worth €5.9m in Enda Tamweel, a microfinance institution in Tunisia.
Proparco has arranged a €40m financing to SCOUL, Uganda’s third largest sugar manufacturing company, to finance a new 26MW cogeneration power plant.
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa.
The Overseas Private Investment Corporation (OPIC), the US Government's development finance institution, has provided a $5m loan to Mobius Motors Kenya, a vehicle manufacturer.
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya.
Overseas Private Investment Corporation (OPIC) and the African Development Bank (AfDB) have invested $50m in the ALCB Fund to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
Allianz, a global insurer, has provided financing of €75m and $25m, both over 12 years, to the Emerging Africa Infrastructure Fund (EAIF), becoming the fund’s first insurance-investor.
MIGA, a member of the World Bank Group, has announced its first guarantees in Namibia of up to $18m in support of the construction, operation and maintenance of two 5MW solar power plants.
Public Investment Corporation(PIC), one of Africa’s largest investment managers, with assets under management in excess of R1.9trn, has invested in ZAR X on behalf of the Government Employees Pension Fund (GEPF).
Endeavour Energy, an Africa-focused independent power company owned by the investment firm Denham Capital, has made a $32m equity investment in Tè Power Company S.A.S.U., to construct a 50MW thermal power plant in Conakry, the capital city of Guinea.
