Proparco, the private financing arm of Group Agence Française de Développement (AFD Group), has agreed to invest $10m in MUA, a regional insurer with operations in Mauritius, Kenya, Uganda, Rwanda, Tanzania, and the Seychelles.
Shelter Afrique, a pan-African housing finance and development institution has issued its debut ₦46bn ($110.7m) Series 1 Fixed Rate Senior Unsecured Bond Issuance in Nigeria’s capital market under its ₦200bn ($481.3m) bond issuance programme.
IFU and Norfund have invested $27.9m in Continental Blue Investments Ghana (CBI), a producer of cement in Ghana that operates a 550,000 tons p.a. facility outside Accra in southern Ghana.
CDC Group, the UK’s development finance institution and impact investor, has been formally renamed British International Investment (BII).
The European Investment Bank (EIB) has announced an additional €10m through a first-loss equity investment in the Janngo Capital Start-up Fund as a flagship fund of the Boost Africa initiative.
Norfund, the Norwegian investment fund for developing countries, and CDC Group, the UK's development finance institution (DFI), will invest ZAR 600m in H1 Capital (Norfund R360m and CDC R240m) – a South-African black-owned and managed renewables investment and development company.
Bank of America has deployed $5m into the Agri-Business Capital Fund (ABC Fund), a blended-finance impact fund investing in smallholder farmers and small-to-medium sized rural agribusinesses in developing countries to support sustainable and inclusive agricultural value chains.
The African Development Bank has signed a grant agreement for an amount of $400,000 with the Dépositaire Central/Banque de Règlement of the West African Monetary Union (WAMU) to modernize the regional financial market infrastructure.
CDC Group, Norfund and DFC have invested $90m in AgDevCo, a specialist investor in early-stage African agribusinesses.
CDC Group has announced a $100m finance facility to First Bank of Nigeria.
Germany’s development finance institution, DEG has committed $20m to Convergence Partners Digital Infrastructure Fund (CPDIF) and $21m to Vantage Capital’s fourth mezzanine fund
DEG has invested $7.5m in Copia Global, an e-commerce company in East Africa.
Africa Finance Corporation has raised $400m in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure.
FMO has approved a €5m investment in Fin'Elle, a subsidiary of the COFINA Group dedicated to supporting women entrepreneurs in Côte d'Ivoire and offering adapted and accessible financial services.
