IFC, a member of the World Bank Group, has agreed to invest up to $10m in Globaltronics, a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes.
Proparco and Société Générale Cameroun have provided €30m, including a tranche in CFA francs, to Actis for the construction of Douala Grand Mall (DGM), Cameroon’s first destination retail mall.
IFC, a member of the World Bank Group, has announced an investment of up to $100m in Zenith Bank, Nigeria’s largest bank by total equity and second-largest by asset size.
The Dutch entrepreneurial development bank FMO has announced its recent transaction with Miro Forestry, one of the largest forestry plantations in West-Africa.
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has issued a $700m Reg S Eurobond, the AFC’s first bond issuance in 2020.
The US International Development Finance Corporation (DFC) has approved an up to $30m investment in AfricInvest Fund IV and an up to $25m investment in SPE AIF I LP, a fund which will invest in businesses in key industries across North and Sub-Saharan Africa.
The Public Investment Corporation (PIC), on behalf of its client, the Government Employees Pension Fund (GEPF) of South Africa, has acquired a 13% stake in Aradei Capital for $50m.
The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15m to two women-led investment funds that advance economic and gender equity.
Swedfund has supported different actors in the healthcare sector in Nigeria, Madagascar and India with a total of SEK2,2mn.
The US International Development Finance Corporation (DFC) has approved the new Rapid Response Liquidity Facility, which will provide up to $4bn in additional financing for existing DFC projects that have been particularly impacted by the challenges of the COVID-19 global pandemic.
CDC Group, the UK’s impact investor and development finance institution, has announced a record month for its trade guarantee programme with over $500m guaranteed across 350 transactions in March, representing a new programme high.
The Dutch entrepreneurial development bank FMO, has announced the recent closing of multiple transactions to microfinance group Compagnie Financiere Africaine (COFINA).
Netherlands-based ASN Bank has invested $16.2m debt in the REGMIFA Fund to foster development in Sub-Saharan Africa through employment creation, income generation and poverty alleviation. ASN Bank is the first private investor joining REGMIFA.
US International Development Finance Corporation (DFC) has announced a new Health and Prosperity Initiative, which includes a call for proposals from private sector entities seeking DFC support for health-related investments in developing countries.