Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa's stake in Cabeólica, a Cape Verdean wind independent power producer.
The European Investment Bank (EIB), the world’s largest international public bank, is looking to expand its portfolio in Kenya and the wider East African region, Africa Global Funds has learned.
The Nigeria Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Fund, along with IFC, a member of the World Bank Group, are looking to increase investments in the Nigerian health sector.
Centum Foundation, an initiative founded by Centum Investment Company, is planing to invest up to $5m in African startups by 2019.
Bayport Management, an emerging market financial services group, has closed a $250m senior debt facility with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution.
Convergence has launched the world’s first deal sourcing platform that helps public and private investors find and connect with each other for blended finance investments in emerging and frontier markets.
The Danish government, the Investment Fund for Developing Countries (IFU), PensionDanmark and PKA, have jointly invested $102.28m (DKK 700m) in the Danish Agribusiness Fund, which will back agri projects in developing countries.
IFC has agreed to invest $6.75m in Mauritius-based CIEL Healthcare to help the company acquire and operate a chain of hospitals across sub-Saharan Africa.
The Dangote Foundation and Bill & Melinda Gates Foundation have announced a combined commitment of $100m over the next five years (2016-2020) towards ending undernutrition in Nigeria.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced a $4m financing commitment to Envirofit International, a social enterprise that innovates smart energy products to improve lives on a global scale.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has announced its support to Azura-Edo Independent Power Producer (IPP) in Nigeria.
Letshego Holdings, a financial inclusion focused group with consumer, micro lending and deposit-taking subsidiaries across Southern and East Africa, has acquired a 100% shareholding in FBN Microfinance Bank (FBN MFB) from its parent, FBN Holdings.
IFC, the Global Agriculture and Food Security Program’ private sector window (GAFSP), and Société Générale have signed an agreement to provide a second €70m trade facility to Burkina Faso’s largest cotton exporter SOFITEX.
IFC, a member of the World Bank Group, will provide a $105m loan to the Co-operative Bank of Kenya (Co-op Bank) to support lending to small and medium businesses, women entrepreneurs and the housing sector.
