Norfund, the Norwegian Investment Fund for Developing Countries, and CDC, the UK development finance institution (DFI), have formed a partnership to boost power generation in Africa by adding at least 5,000 megawatts (MW) of generating capacity over the next 10 years.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has invested in a maize and wheat-milling operation in Zambia.
The Dutch development bank FMO has made a $2m equity investment in Orb Energy for the off grid energy sector in Kenya.
The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power community to discuss progress and initiatives to increase access to energy across Africa.
IFC, a member of the World Bank Group, plans to invest $30m in Guinea in 2015, boosting support for small and medium enterprises in the country, which are critical for job creation and economic growth.
Abu Dhabi Fund for Development (ADFD) will provide a AED36.73m ($10m) loan to the Government of Swaziland to support its economic and social development through the development of roads and improvement of surface transportation network.
Africa Finance Corporation (AFC), an infrastructure focused investment grade rated multilateral development finance institution, has announced the provision of a $25m loan as part of a $150m senior unsecured syndicated loan facility to the Kenya Power and Lighting Company (KPLC).
Egypt is on track to implement a clear road map for political and economic reform and improve the business climate, Ibrahim Mahlab, Prime Minister of Egypt, has said at a symposium organised by the British Egyptian Business Association (BEBA).
The Overseas Private Investment Corporation (OPIC) and the US Trade and Development Agency (USTDA) have committed $20m to the US-Africa Clean Energy Finance (ACEF), an Africa-focused renewable energy initiative.
IFC, a member of the World Bank Group, and Eiffage, a European public works and concessions firm, have announced a financing agreement for the extension of the Dakar toll road in Senegal.
Africa Finance Corporation (AFC), a multilateral development finance institution, has closed a $300m dual tranche (2-Year and 3-Year) club facility arranged by six initial mandated lead arrangers and bookrunners.
Three major European development finance institutions (DFIs) - PROPARCO, FMO and DEG - have signed a 12-year loan facility of $189m with the Aga Khan Fund for Economic Development (AKFED) to support economic and social development in Africa, the Middle East and South and Central Asia.
CDC, the UK’s development finance institution, has invested $20m in the first pan-African renewable energy fund.
Africa Finance Corporation (AFC) and Germany’s International project and export finance bank, KfW IPEX-Bank, have signed a $300m Framework financing agreement.
