The African Development Bank has approved a $15m equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in West Africa.
IFC has stepped up its investments in the Middle East and North Africa, committing a record $2bn to support the region’s private sector, boost innovation, drive economic growth, and create jobs.
The UK Prime Minister Theresa May has announced a range of measures to boost much-needed investment in businesses and infrastructure across Africa, including an additional £4bn of private sector investment into the continent.
The Overseas Private Investment Corporation (OPIC) has provided a $5m loan to Tugende, which supports small business lending and expanded transportation in Uganda by providing lease-to-own financing to motorcycle taxi drivers.
Zambia’a pension funds and insurance companies have invested $445m and local developers have invested $80m in new property developments between 2014 and 2017, according to Urban Africa Property Group.
CDC and Globeleq have announced a $66m debt investment in Malindi Solar Group, to build a 52MWp solar photovoltaic power plant in South-East Kenya.
IFC, a member of the World Bank Group, has announced a new $1bn debt financing for Indorama Eleme Fertilizer & Chemicals, Nigeria.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has launched its Connect Africa initiative, which will mobilize more than $1bn to projects that support transportation, communications, and value chains in Africa over the next three years.
Safaricom Staff Pension Fund is targeting private equity (PE) investments over the next two years as it moves to diversify its asset portfolio, according to Chairman Joseph Ogutu.
The African Development Bank has approved a $15m equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa
Kenyan pension funds, commercial banks and insurance companies have a projected capital availability of KES 4.45trn ($44.5m) available over the next decade for infrastructure projects in the energy sector.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders Agreement (SHA) with local developer Tora Holding (Tora).
Agence Française de Développement (AFD) has announced a credit investment agreement with HEVA Fund to advance credit and technical assistance for creative industries in Kenya.
IFC has announced a $60m investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries, facilitating growth and job creation in the region.