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.
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).
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.
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.
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 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 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.
