The African Development Bank (AfDB) and Japan have announced a $3bn private sector development initiative to boost growth and reduce poverty in Africa.
DOB Equity, a Dutch family office, has acquired a minority stake in Twiga Foods, a mobile-based supply platform for retail outlets, kiosks and market stalls in Kenya.
Hamilton Lane Advisors, a global private markets asset management firm, takes a global, opportunistic approach to investing, which may include Africa-focused private equity funds, AGF has learned.
CDC, the UK's development finance institution, has agreed to invest $65m in Zambeef Products, one of the largest integrated agri-businesses in Zambia, to refinance company's debt and to settle the RCL Foods put options.
Norfund, FMO and Rabobank have partnered to launch Arise, an investment platform that will take and manage minority stakes in African financial service providers (FSPs), starting from January 1, 2017.
The African Development Bank (AfDB) has approved a $9m equity investment (approximately 12% of the fund’s capitalisation) in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs).
DEG, the German investment and development corporation, has increased its stake in ZEP-RE, an East-African reinsurance company, to 14.93% after investing an additional $14.63m.
Brit Limited, a global specialty insurer and reinsurer, has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa's leading providers of specialized insurance products.
The Rockefeller Brothers Fund (RBF), a private grantmaking foundation, has injected $10m in Mainstream Renewable Power Africa Holdings, Mainstream’s funding vehicle for the Lekela Power platform.
The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA), according to a report from three leading international development and financial institutions.
The Overseas Private Investment Corporation, the US Government’s development finance institution, has announced a $20m direct loan to International Bank Liberia (IBL) to support lending in key econominc areas.
CDC Group, the UK’s government-owned development finance institution, committed £186.6m ($246.28m) to six Africa-focused private equity funds and a global fund that invests in Africa and South Asia, in 2015.
International Finance Corporation (IFC), a member of the World Bank Group, has acquired a 2.5% equity stake in ADvTECH, a South Africa-based private education provider.
As the bond between Africa and China strengthens, global leaders and investors will follow suit in trusting the opportunities available across the continent.
