CDC, the UK’s development finance institution, and AgDevCo, a social impact investor targeting sub-Saharan Africa, have invested $11.5m in Jacoma Estates Group to expand its Malawian farming operations.
More than 40 institutional investors across the world, including central banks, official institutions, pension funds, and fund managers, have invested in the IFC’s $500m Social Bond program.
The French development agency AFD Group has secured €24m from the EU’s electrification funding initiative, ElectriFI, to deploy the African Renewable Energy Scale-Up (ARE Scale Up) facility.
MFX Solutions, a Washington D.C. based provider of currency hedging services to impact lenders in developing countries, has received a $120m guarantee increase from the Overseas Private Investment Corporation (OPIC).
Abu Dhabi Fund for Development (ADFD) has allocated a concessionary loan of AED53m ($14.44m) in Senegal’s National Road No.2 (Ndioum – Ourossogui – Bakel) project.
The Africa Finance Corporation has arranged total senior debt facilities of $245m, contributing $75m in loans and providing an underwriting commitment of $35m, to a power plant in Rwanda.
Over the next decade Africa’s number of ultra-high-net-worth individuals (UHNWI) will grow by 33%, after suffering a decline of 2% in 2015-16 due to tough market conditions.
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has announced a $25m investment in Egyptian petrochemicals company Carbon Holdings.
The MasterCard Foundation has committed a total of $38.3m to AgDevCo, ICCO Cooperation, and Root Capital for programs to improve productivity and market access for farmers in 11 African countries.
Investec Bank’ s power and infrastructure finance (PIF) division has signed $8m term facility to fund Mettle Solar Investments’ current and future portfolio of commercial rooftop solar project in sub-Saharan Africa.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a $995,000 grant to the Republic of the Gambia to implement a programme to facilitate private investments in green mini-grids (GMG).
The African Development Bank (AfDB) has approved a $8.2m equity investment in Shelter Afrique, a development finance institution, which invests in affordable housing for Africa.
IFC has announced an equity investment of CFA franc 1.25bn ($2m) in the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire, the regional mortgage refinancing company (CRRH-UEMOA).
The National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC), according to the Ministers of Trade and Industry and of Economic Development in South Africa.
