The International Finance Corporation (IFC) is working with the Egyptian government to help rebuild confidence in the Egyptian economy, according to Jin Cai, executive VP and CEO.
Emerging Crowd, the first crowdfunding and investment platform focused on unlisted growth-stage companies in frontier and emerging markets, was launched in the UK.
The National Social Security Fund (NSSF) of Uganda is projected to grow to over Shs6 trillion ($2.2bn) by 2017, making it by far the largest fund in East Africa, according to Ivan Kyayonka, NSSF Board Chairman.
IFC, a member of the World Bank Group, and ARM Capital Partners, the manager of ARM Private Equity Fund, have announced a joint $9.5m equity investment in Boulos Foods and Beverages to support the expansion of a food and beverage processing plant in Ibadan, Oyo State, Nigeria.
The Africa Finance Corporation (AFC) has secured a $100m long term loan facility from the US Government’s development finance institution, Overseas Private Investment Corporation (OPIC), and J.P. Morgan’s Corporate & Investment Bank.
CDC, the UK’s development finance institution, has backed two Africa-focused funds, by committing capital of up to €25m ($31.59m) to AfricInvest Fund III (AFIII) and up to $15m to Synergy Private Equity Fund.
The African Development Bank (AfDB) has approved a €10m ($12.63m) equity investment in the African compartment of the Moringa private equity fund.
Nigeria's business magnate Aliko Dangote has announced plans to invest an undisclosed sum in the development of a major coal mine in Tanzania.
The Public Investment Corporation (PIC) will spend over $220m (R2.5bn) on African investments in the 2014/2015 financial year, according to PIC’s chairman and Finance Minister Nhlanhla Nene.
Gulf investors are likely to contribute an average of $5bn to African infrastructure in the coming years, according to a recent study by the Dubai Chamber of Commerce and Industry.
Standard Bank, Africa’s largest lender by assets and market capitalisation, has provided R566m ($49.97m) development funding to Menlyn Maine Investment Holdings to finance the construction of a mixed-use retail and commercial property in South Africa’s capital city of Tshwane.
The European Investment Bank, Europe’s long term lending institution, will provide €28m ($35.36m) to Crane Bank for onward lending to local firms in both Ugandan shillings and foreign currency.
The Swiss Investment Fund for Emerging Markets (SIFEM), the Switzerland development finance institution, has committed $7.5m to the Synergy Private Equity Fund.
Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority (NSIA), has announced that NSIA through its Gas to Power funds managed on behalf of Nigeria’s Debt Management Office is planing to invest at least $100m in aggregate principal amount of senior secured notes due in 2023 to be issued and privately placed by Seven Energy Finance Ltd.
