IFC, a member of the World Bank Group, has announced an investment of up to €25m (XOF 16,4bn) in Groupe EDK, a Senegalese conglomerate and the country’s only significant local player in modern grocery retail.
Canada’s bilateral Development Finance Institution, FinDev Canada, has announced a $20m commitment to Ninety One’s Africa Credit Opportunities Fund III (ACO3) , a private credit fund providing financing to enterprises and infrastructure projects across Africa and other emerging markets.
The African Development Bank’s Board of Directors has approved a $10m loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10bn and with the potential to position Namibia as a pioneer in the global green hydrogen economy.
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a $20m loan facility to First National Bank Ghana (FNBG).
International Finance Corporation (IFC), a member of the World Bank Group, has invested $20m (approximately R350m) in Summit Private Equity Fund II (SPEF II).
The Public Investment Corporation (PIC), which manages just over 3.5 trillion Rand ($ 204bn) in AUM, has invested $30m into Enko’s private credit fund.
The African Development Bank Group has granted a $100m loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One.
African Development Bank Group has approved a $310m financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group and one of the largest financial institutions in Africa.
Swedfund, Sweden’s development finance institution, has invested in Solar Saver to expand access to clean and reliable energy in Southern Africa.
Ghanaian pension funds prioritise investments in healthcare (55%), agribusiness (45%), and technology (40%), according to a new report from the African Private Capital Association (AVCA).
The European Investment Bank’s development arm (EIB Global) has committed $110m loan to international commodities company ETG, one of Africa’s leading agribusiness supply chain players.
OeEB alongside Impact Fund Denmark has provided Robust International, a multinational agricultural commodities trader, with $25m in working capital.
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has successfully closed its largest-ever debt facility, a landmark $1.5bn syndicated loan.
Together with the Dutch development finance institution FMO, OeEB has invested €30m in the Hivos-Triodos Fonds.
