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 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 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.
CDC Group, the UK’s government-owned development finance institution, committed £186.6m ($246.28m) to six Africa-focused private equity funds and a global fund that invests in Africa and South Asia, in 2015.
International Finance Corporation (IFC), a member of the World Bank Group, has acquired a 2.5% equity stake in ADvTECH, a South Africa-based private education provider.
Africa Finance Corporation (AFC), a Pan-African multilateral development finance institution and project developer, has issued its debut senior unsecured Swiss Franc (CHF) denominated bond, raising CHF100m with a tenor of 3 years and 150 days.
As the bond between Africa and China strengthens, global leaders and investors will follow suit in trusting the opportunities available across the continent.
IFC, a member of the World Bank Group, has agreed to provide €52.5m ($58m) of debt financing to boost the capacity and improve the efficiency of Gabon’s rail network.
The Overseas Private Investment Corporation (OPIC) has approved up to $100m financing to Sarona Frontier Markets Fund 3, a private equity fund of funds (FoF) managed by Sarona Asset Management.
The Government Employees Pension Fund (GEPF) through its investment manager Public Investment Corporation (PIC) has announced an investment of R10.5bn ($725m) in SA Home Loans (SAHL), a mortgage finance provider.
Canada’s Fairfax Financial Holdings has entered into an agreement with Zurich Insurance Company to acquire 100% of its South African and Botswana operations, Zurich Insurance Company South Africa (ZISCA).
Global reinsurer Swiss Re has acquired a 25% stake in Leadway Assurance Company, one of Nigeria’s leading insurers.
CDC, the UK’s development finance institution, has announced a €50m ($55.51m) equity investment in Africa Internet Group (AIG), the parent company of Jumia, Africa’s leading e-commerce firm.
Proparco, a private sector financing arm of the French Development Agency, has provided a guarantee to a mutual fund on the BRVM to promote the development of financial markets in West Africa.
