FMO has invested $10m in the eco.business Fund to support its recently launched sub-Saharan Africa sub-fund.
FMO, Proparco and Symbiotics have agreed to provide a subordinated syndicated loan totaling $93.8m to Access Bank, a Nigerian multinational commercial bank, owned by Access Bank Group.
SEAF Morocco Growth Fund (SMGF), an investment fund whose strategy is to invest in seed to early-stage innovative companies with high-growth potential in Morocco, has welcomed ASMA Invest as a new investor.
IFU and Norfund have jointly provided $9m in debt financing to Asilia Africa, a safari operator in East Africa, to fund the company during the COVID-19 crisis and sustain the impact until the safari tourism is back to normal.
FMO has approved the commitment of $10m in senior shares of Eco.business II Sub-Fund (EBF II), an open ended debt fund managed by Finance-In-Motion.
CDC Group, the UK’s development finance institution and impact investor, has announced an additional $75m commitment to its existing trade finance facility with Absa Bank.
IFC, a member of the World Bank Group, has issued a €25m, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the COVID-19 pandemic.
The US International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
IFU, on behalf of the Danish SDG Investment Fund, has invested DKK 290m ($44.11) in Humania, which builds and operates private hospitals in Egypt and Morocco.
CDC Group, the UK’s development finance institution, has committed $100m to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners.
Proparco has committed $30m investment in the first close of AfricInvest’s Fund IV, a new multisector private equity fund that will support the development of strong local and regional consumer-driven businesses across Africa.
IFC, a member of the World Bank Group, has provided €10m in financing to Tunisian date processing company VACPA.
CDC Group and Finnfund have announced a $70m commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, committed $50m and Finnfund, the Finnish development financier, committed $20m.
CDC Group, the UK’s publicly owned impact investor, has closed a $100m trade finance risk sharing facility with Societe Generale.