IFC has made a combined investment and mobilization of $11m into Kenyan company Insta Products, which produces ready-to-use therapeutic food.
International Finance Corporation and the OPEC Fund for International Development (OFID) have invested $10m each in Metalco Industries Company, a Zambian company that recycles metal scrap to manufacture copper cables, lead-acid batteries, aluminum sheets and utensils.
The National Pension Fund Mauritius will invest $12.84m in the Mauritian subsidiary of Mara Delta through a nonredeemable preference share issue at a coupon rate of 6.25% per annum.
The Norwegian Investment Fund for Developing Countries (Norfund) has announced a $7.4m investment in Verde Beef Processing, an Ethiopian beef producer.
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.
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.
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).
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.
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.
