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.
The African Development Bank Group has approved an equity investment pool of €10.5m toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund.
MIGA, a member of the World Bank Group, has issued a Master Contract to Kasada Hospitality Fund that will provide guarantees up to $270m of the fund’s equity investments aiming to lead the redevelopment and construction of hotels in Sub-Saharan African countries.
Africa Finance Corporation (AFC) has approved a $200m corporate facility for BUA Industries, a member of the BUA Group (BUA), to complete its vertically integrated sugar facility in Lafiagi, Kwara State, Nigeria.
CDC Group has announced a new strategy, aiming to invest between £1.5bn and £2bn ($2bn and $2.66bn) per annum in the next five years, setting a new ambition for scale in Africa, digital transformation, and innovation.
Opportunity International and Oikocredit have announced an innovative, 3-year collaboration to increase access to and quality of education in low-income countries through the investment of up to $100m in financial institutions, which are benefiting from Opportunity International’s EduFinance program, reaching an estimated 1.6 million children.
CDC Group, Finnfund, Norfund and New Forests, a global investment manager focusing on sustainable landscapes, have announced an intention to partner to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa.
CDC is planning to increase venture capital investment in early stage, technology-based businesses that have the potential to play vital roles in the fight against climate change.
Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a $75m equivalent KES denominated sustainable finance facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions.
Finnfund and the University of Helsinki in the first co-investment participation financing have provided a €10m debt facility to the Advans Group, a microfinance group serving over one million clients in Africa and Asia.
The African Development Bank Group has approved $350,000 in grant funding for technical assistance to consolidate Cabo Verde’s capital markets strategy and increase the liquidity of its fixed income markets.
CDC Group has partnered with DP World to accelerate Africa’s trade potential through supporting the modernisation and expansion of ports and inland logistics across Africa.
CDC Group has committed $100m to African Development Partners III, a fund advised by Development Partners International DPI.
MIGA, a member of the World Bank Group, has issued a €4.5m guarantee to GreenYellow that will cover its equity and quasi-equity investments into Société de Production d’Energie Solaire de Ouagadougou SAS (SPES Ouagadougou) in Burkina Faso for a period of up to 20 years.