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.
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.
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.
FMO has committed $30m in the senior capital tranche of Frontclear, a financial markets development company focused on catalyzing stable and inclusive interbank markets in emerging and developing countries.
Arise, a collaborative partnership between Norfund, FMO and Rabobank, has approved a $50m bridging loan to dfcu Ltd, a development finance institution in Uganda.
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.
Africa Finance Corporation (AFC) alongside other international investors is set to invest $205m in Alufer Mining to fund the development of Guinea-Conakry’s high grade bauxite reserves.
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.
