The West African Development Bank (Banque Ouest Africaine de Developpement, BOAD) is planning to raise $500m in the international financial markets over the final quarter of 2015, according to BOAD’s President Christian Adovelande.
IFC has announced a $35m investment in telecom operator, Africell, to support the expansion and upgrade of mobile networks in Gambia, the DRC, Sierra Leone and Uganda.
The Industrial Development Corporation of Zambia, a domestic development finance institution wholly owned by the Zambian government, has partnered with IFC, a member of the World Bank Group, to explore development of two 50 MW solar PV independent power projects through the Scaling Solar program.
The Board of the European Investment Bank has approved over $300m (€279m) of new investments for strategic infrastructure in Africa.
The £1.7bn ($2.65bn) Royal County of Berkshire Pension Fund is looking to increase its exposure to developing markets, which by definition will include Africa, according to Nick Greenwood, Pension Fund Manager.
Africa Finance Corporation (AFC) has been accredited as a partnering institution to the Green Climate Fund (GCF), making it the fund’s first African development finance institution.
For the first time in 20 years, the UK government will invest over $1.1bn (£735m) over 3 years in its development finance institution, CDC to target promising businesses in Africa and South Asia.
The African Development Bank (AfDB) has approved an equity investment of up to $45m in Atlantic Coast Regional Fund II (AFIG Fund II), a 10-year $300m multi-sector private equity fund.
Africa Finance Corporation (AFC) and the Dutch development bank, FMO will provide an equity investment of up to $3m for the development of the 44MW Singrobo hydroelectric power plant in Côte d’Ivoire.
The Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF), has increased its exposure in the mobile telecommunications operator Vodacom by purchasing the Government of South Africa’s 13.91% equity stake.
IFC, a member of the World Bank Group, has invested $25m in Alcazar Energy to help develop and operate a series of renewable energy projects in the Middle East and North Africa (MENA) region, with a focus on solar and wind power plants.
The UK development finance institution CDC Group has made commitments of $102.8m in four African private equity funds last year.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved over $1bn financing and insurance commitments to support five private sector-led development projects in Africa.
IFC, a member of the World Bank Group, will provide a $20m equity investment in Agrivision Africa, an investee company of the Johannesburg Stock Exchange-listed agribusiness group Zeder Investments.
