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.
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.
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.
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).
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.
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 UK’s development finance institution CDC Group’s $65m investment into Zambeef Products, Zambia’s largest food processing business, has been approved by regulators.
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.
