IFC, a member of the World Bank Group, and the government of Senegal, have developed a program that will help provide access to credit for the agricultural sector and ease the commercialization of agricultural products.
The European Investment Bank has agreed to provide €23m ($29.05m) to support investment in one of the largest photovoltaic power stations in sub-Saharan Africa.
The Swiss Investment Fund for Emerging Markets (SIFEM) has participated in a rights issue of the Maghreb Private Equity Fund III (MPEF) by committing an additional €1.75m.
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved a $100m commitment to Emerging Capital Partners’ (ECP) Africa Fund IV, which is focused on promoting economic growth in Africa.
The Netherlands development finance company, FMO will provide a local currency debt facility of €7.5m ($9.47m) to LAPO Microfinance Bank, a leading pro-poor financial institution in Nigeria.
