The Ontario Municipal Employees Retirement System, a Canadian pension fund and CI Investments among others have committed to invest $116m in Fairfax Africa, an investment holding company owned by Fairfax Financial Holdings.
Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), has committed to invest $180m in a strategic deep sea port in Angola.
Ethiopia’s University of Gondar and Canada’s Queen’s University have announced a 10-year, $24.2m partnership to advance inclusive higher education for young people with disabilities in Ethiopia and other African countries.
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated Sukuk issuance from an African institution.
The Nigeria Sovereign Investment Authority (NSIA) and GuarantCo, which is part of the Private Infrastructure Development Group (PIDG), have established InfraCredit, an infrastructure credit enhancement facility in Nigeria conceptualized in 2014.
The Dutch development bank FMO has invested $15m in the senior tranche of the debt sub-fund in the SANAD Fund for MSME to support small businesses in the Middle East and North Africa (MENA).
The Overseas Private Investment Corporation (OPIC) has approved up to $5m financing to support Unreasonable Capital Fund I, a venture capital firm that invests in scalable and profitable companies across Latin America, India, Asia, and Africa.
Letshego Holdings, an inclusive finance focused group with consumer lending, microfinance and deposit-taking subsidiaries across Southern, East and West Africa, has acquired a 100% shareholding in afb Ghana, a licensed non-bank financial institution.
The Public Investment Corporation (PIC) has announced that it will acquire 26.4% of the ordinary shares of Distell Group, a South African producer and marketer of ciders, ready-to-drink beverages, spirits and fine wines.
Sanlam and Santam have announced that they will increase their stake in Morocco-based Saham Finances by a further 16.6% to 46.6% for $329m plus transaction costs.
Finnfund, Barona Technologies and Polkuni have committed €1.75m to Finnish-Kenyan start-up Fuzu to support business development and expansion in Africa.
IFC and MIGA, members of the World Bank Group, have committed $517m in debt and guarantees to support Ghana’s Sankofa Gas Project, an integrated offshore oil and natural gas project.
IFC, a member of the World Bank Group, and FMO, the Dutch development bank, have invested in Mobisol, a pay-as-you-go solar energy service company, to deliver renewable energy solutions to off-grid communities in East Africa.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved up to $200m in new financing to two Africa-focused funds.
