Over $200m in OPIC’s commitments to the information and communications technology (ICT) sector are in Africa, representing about 20% of the sector’s portfolio, according to Alex Hadden, Director, Structured Finance & Insurance.
Norfund and Scatec Solar have signed a Power Purchase Agreement (PPA) securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM).
The EFG Hermes Foundation has inaugurated newly renovated facilities in Al Makhzan Village in Upper Egypt’s Qena governorate as part of a joint effort with the Kuwaiti Initiative for the Support of the Egyptian People.
The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund.
The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has further increased its commitment to Africa by opening a new Regional Hub in Dakar, Senegal.
The UK’s development finance institution CDC Group’s $65m investment into Zambeef Products, Zambia’s largest food processing business, has been approved by regulators.
Stanbic Bank Botswana has arranged a $35m bilateral loan to Botswana based multi-national ecotourism company, Wilderness Safaris, for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, in partnership with Afriland First Bank Ivory Coast, a Pan-African full service bank, have agreed to establish an Islamic Window in Ivory Coast.
The Dutch development bank FMO has arranged a $14.7m senior loan for the financing of the 10 MW (14GWh/y) Tororo Solar North PV solar power project in Uganda.
The Dutch development bank FMO has closed two debt facilities for a total of $8m to the 10-year debt fund Social Investments Fund 6.0 (SIF 6.0), which backs social enterprises in Sub-Saharan Africa and Latin America.
Attijariwafa Bank, a financial Group in Africa founded in 1904, has announced the acquisition of 100% of the share capital of Barclays Bank Egypt from Barclays Bank PLC.
IFC, a member of the World Bank Group, has launched MCPP Infrastructure, an innovative program that aims to raise $5bn from global institutional investors to modernize infrastructure in emerging markets over the next five years.
The Nigerian private sector has a critical role to play to help the country come out of the present recession, according to Akinwumi Adesina, African Development Bank’s President.
IFC, a member of the World Bank Group, with help from its development partners, has provided advisory services to businesses across the Middle East and North Africa (MENA) to help them grow, create jobs and boost economic development in the region.
