FinDev Canada has announced a $20m commitment made to Climate Investor One’s (CIO) Construction Equity Fund to support the transition to renewable energy in emerging markets, helping avoid approximately 1.2 million tons of CO2 emissions.
CDC Group, the UK’s development finance institution, has invested $30m in Momentum Africa Real Estate Fund (MAREF), an African commercial real estate development joint venture between Momentum Global Investment Management and Eris Property Group.
CDC Group,the UK’s development finance institution, has committed $25m to the Synergy Private Equity Fund II, a Nigerian fund backing small and medium-sized businesses.
More than 60% of professional investors expect foreign direct investment into Africa to increase over the next five years, according to a research from UWIN (Unleashing the Wealth in Nations).
The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), African Trade Insurance Agency (ATI) and GuarantCo, have launched a Co-Guarantee Platform (CGP).
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has invested $100m in Africell Holdings to expand access to telecommunications in Africa.
The Development Bank of Southern Africa (DBSA) has been awarded funding to the value of $55.6m from the Green Climate Fund (GCF) to establish a R2bn Climate Finance Facility (CFF).
Africa Finance Corporation (AFC), an infrastructure development finance institution in Africa, has acquired a $300m loan facility from the Export-Import Bank of China (CEXIM).
Proparco and DEG have signed a $150m credit facility to The Mauritius Commercial Bank (MCB) to finance long-term corporate and infrastructure projects in Mauritius and sub-Saharan Africa.
Dutch Development Bank FMO has granted a loan of $40m to I&M Bank Kenya, to boost lending to small and medium sized enterprises in the country.
The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia.
CDC Group and the OPEC Fund for International Development (OFID), as well as renowned private investors have invested over $20m in the Regional Education Finance Fund for Africa (REFFA).
Finnfund, a Finnish development finance company, has committed $10m to an impact fund for sustainable forestry, the Arbaro Fund.
The Overseas Private Investment Corporation (OPIC) has approved $426m in financing and political risk insurance across three projects that will advance development in Africa.