The need for infrastructure development remains critical, according to Patrick Dlamini, CEO of the Development Bank of Southern Africa (DBSA).
ENGIE, a French multinational electric utility company, has secured over $600m (R9.2bn) in loans for construction of the Kathu Solar Park in South Africa’s Northern Cape.
The Chan Zuckerberg Initiative (CZI) has led a $24m Series B round of funding in Andela, a startup that trains tech developers in Africa.
IFC, a member of the World Bank Group, the Overseas Private Investment Corporation, Senegal’s national utility, and ContourGlobal, the project developer, have announced the inauguration of the Cap des Biches power station, which will ease electricity constraints in Senegal by providing power to 100,000 people.
Finnfund and Access Bank Ghana, a subsidiary of Nigeria’s Access Bank, have provided financing to Ghana Airport Cargo Centre (GACC), a new cargo center at Kotoka International Airport in Accra.
Emerging markets, on average, now make up 31% of institutional investors' alternative allocations, whereas private equity is an asset class of choice, a new study from BNY Mellon has revealed.
IFC has invested $25m in GCCredit Opportunities Fund II, a private debt fund, managed by Gulf Capital, one of the largest and most active alternative asset managers in the Middle East.
FMO has closed a 10-year $22.5m syndicated loan facility with Ghana Home Loans(GHL), Ghana’s leading residential mortgage provider.
Swedfund, DBL Group, and Development Bank of Ethiopia have agreed to invest in a textile factory in Mekelle, Ethiopia, which will provide job opportunities for 4,000 people.
Standard Chartered has partnered with the United States Agency for International Development (USAID), to deliver a term loan worth $60m to Zambia’s Electricity Supply Corporation (ZESCO).
IFC, a member of the World Bank Group, has announced it will invest $25m in Carbon Holdings, an Egyptian developer and operator of manufacturing projects for downstream petrochemicals required in a range of industries, including mining, food packaging, and automotive parts.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and the Renewable Energy Performance Platform (REPP) have announced an agreement to facilitate cooperation on renewable energy projects in Sub-Saharan Africa.
IFC has announced its plans to invest up to $30m in Ascendis Health, a South Africa-based fast growing health and care company selling a portfolio of market-leading brands for animals, plants and humans.
Ecobank Transnational Incorporated, parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM), a member of the Old Mutual Group, have announced a new strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant.
