The Medical Credit Fund has raised $17.45m from the Overseas Private Investment Corporation, Calvert Foundation, a private foundation and a Dutch private family office for healthcare impact investments in Africa.
The African Development Bank (AfDB) has approved a $10m equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa.
The Multilateral Investment Guarantee Agency (MIGA) has provided a guarantee of $29.1m in support of Tata Power’s equity investment in Itezhi Tezhi Power Corporation in Zambia.
Abu Dhabi Fund for Development (ADFD), a national organization owned by the Abu Dhabi government, has secured AED12m ($3.27m) for Algeria’s health sector development.
The larger local banks in the GCC are approaching saturation in their home market and are starting to venture out to attractive markets such as Africa.
USAID has announced $4m in new investments to eight companies that are revolutionizing household solar power across Africa through the Scaling Off-Grid Energy: Grand Challenge for Development.
IFC, a member of the World Bank Group, has agreed to invest $20m in ACWA Power Ouarzazate, a developer of the 160 MW NOORo 1 concentrated solar power (CSP) parabolic trough plant in Morocco.
The Global Energy Efficiency and Renewable Energy Fund (GEEREF), a fund-of-funds equally funded by public and private capital, has committed $16.6m to the Catalyst MENA Clean Energy Fund.
Stockdale Street, which represents the Oppenheimer family interests’ South African private equity portfolio, has announced a R100m ($6.95m) investment in Senqu Capital, a new South African hedge fund business.
Ecobank has provided over $248k (£200k) in seed funding to AinFin, a financial technology company that through its product Swifin enables both the banked and unbanked to participate in financial transactions globally.
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.
The African Development Bank (AfDB) has approved a $20m equity investment in Rx Healthcare Fund (RxHF) to help improve healthcare delivery across the African continent.
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.
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).
