The Dutch development bank FMO has arranged a $24m senior loan for the financing of the 16.5MW Siti 2 run-of-the-river hydropower project in Uganda.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced the opening of its first-ever East Africa office, located in Nairobi, Kenya, with Suresh Samuel as Managing Director.
Caterpillar, its independent dealers and the company’s philanthropic organization, the Caterpillar Foundation, have announced plans to invest more than $1bn in countries throughout Africa over the next five years.
Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and Wells Fargo Bank have announced a $300m facility to fund power and infrastructure projects in Africa.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has signed two major financing agreements for the development of energy projects in Senegal.
Proparco, the private sector financing arm of the French Development Agency, has committed a €10m equity investment in Activa Group to support its development in Sub-Saharan Africa.
The African Development Bank has announced investments of $24bn in the coming decade to drive Africa’s agricultural transformation.
CDC, the UK’s development finance institutions, has recently allocated $20m to EuroMena III, a 9-year closed-end generalist private equity fund, and another $20m to Atlantic Coast Regional Fund II (ACRF II), a growth equity fund, managed by Dakar-based Advanced Finance and Investment Group (AFIG Funds).
Proparco, the private sector arm of the French Development Agency, has invested €1m to support the development of Afrimarket, a cash-to-goods money transfer company.
The MasterCard Foundation has committed $5.2m to Root Capital over five years to support early-stage agricultural businesses that generate transformational impact in rural communities in Côte d’Ivoire, Ghana, and Senegal.
IFC, a member of the World Bank Group, has announced a $200m investment package for Compagnie des Bauxites de Guinée (CBG), a bauxite mining company in Guinea.
East Africa’s insurance and financial services group, Jubilee Holdings has announced an additional Ksh5.5bn investment in Uganda’s 250-megawatt Bujagali Hydropower Project.
IFC, a member of the World Bank Group, has signed a $667m financing package to increase the container capacity of Ghana’s main seaport, a deal that is expected to trigger increased trade flows and improved transport links across West Africa.
The African Development Bank (AfDB) Group has approved a 7-year, non-sovereign guarantee, $100m corporate loan to the Export Trading Group (ETG), to finance part of part of the company’s five-year Agricultural Investment Program (IP) in Africa.
