The African Development Bank has committed $530m to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions.
FMO, FinDev Canada, and OeEB have announced a $115m syndicated loan facility that will allow Agri Commodities and Finance (ACF), one of the main trading companies of Export Trading Group (ETG) to improve and expand its operations in Africa.
The UK government has launched a new £150m ‘Mobilising Finance for Forests’ programme aimed at unlocking private sector investment in projects that protect and restore tropical forests across Africa, Asia and Latin America.
ECOWAS Bank for Investment and Development (EBID) has granted a €10m line of credit to Vista Bank Guinea to increase its capacity, support and medium-term funding for small and medium-sized enterprises (SMEs) and small and medium-sized industries (SMIs) in the Republic of Guinea.
DEG, FMO, CDC Group and Team Europe have signed a $100m (Kshs 11bn) loan facility with Equity Group Holdings in its continued commitment to strategically walk with MSMEs during the COVID-19 pandemic.
Temasek, an investment company headquartered in Singapore, has entered into a $500m strategic partnership with global impact investment group LeapFrog Investments.
Small Foundation, an Irish registered charity with a focus on poverty reduction in Sub-Saharan Africa (SSA), has invested an undisclosed amount in Capria Ventures.
The Japan International Cooperation Agency (JICA) has extended an Official Development Assistance loan of up to 30bn Japanese yen ($289m) to support Mauritius’ response to the COVID-19 pandemic and rebuild its economy.
The OPEC Fund for International Development has signed a $50m loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’.
US International Development Finance Corporation (DFC) has announced a $1m equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya, alongside investments from Finnfund and Swedfund.
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has provided a $965k grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy Service Company (ESCO) initiative in Africa.
J.P. Morgan has created the J.P. Morgan Development Finance Institution (DFI) to expand its development-oriented financing activities in emerging markets.
Pan-African energy leasing company, Solarise Africa, has announced their expansion into three new countries in Africa after signing a partnership agreement with Centennial Generating Co, a leading turnkey energy services company in the region.
IFC has signed an agreement with the Moroccan Capital Market Authority (AMMC) that will help companies enhance their reporting on environmental, social, and governance (ESG) practices, paving the way for more green investments—a key component in Morocco's COVID-19 recovery strategy.