Proparco has arranged a €40m financing to SCOUL, Uganda’s third largest sugar manufacturing company, to finance a new 26MW cogeneration power plant.
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country.
Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa.
The Overseas Private Investment Corporation (OPIC), the US Government's development finance institution, has provided a $5m loan to Mobius Motors Kenya, a vehicle manufacturer.
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya.
Overseas Private Investment Corporation (OPIC) and the African Development Bank (AfDB) have invested $50m in the ALCB Fund to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
Allianz, a global insurer, has provided financing of €75m and $25m, both over 12 years, to the Emerging Africa Infrastructure Fund (EAIF), becoming the fund’s first insurance-investor.
MIGA, a member of the World Bank Group, has announced its first guarantees in Namibia of up to $18m in support of the construction, operation and maintenance of two 5MW solar power plants.
Public Investment Corporation(PIC), one of Africa’s largest investment managers, with assets under management in excess of R1.9trn, has invested in ZAR X on behalf of the Government Employees Pension Fund (GEPF).
Endeavour Energy, an Africa-focused independent power company owned by the investment firm Denham Capital, has made a $32m equity investment in Tè Power Company S.A.S.U., to construct a 50MW thermal power plant in Conakry, the capital city of Guinea.
CDC and the China-Africa Development Fund (CAD Fund), the first Chinese equity investment fund focusing on investments in Africa, have signed a memorandum of understanding (MoU) to strengthen their relationship and establish a framework for future cooperation related to investing in Africa.
FMO has signed a $25m facility (7 years, 5-year Grace), to Access Bank Ghana, the second largest subsidiary of its long-term partner Access Bank PLC.
The United Kingdom’s Department for International Trade (DIT) has pledged billions of Pounds Sterling in lending and guarantees to African countries to help them address a chronic infrastructure backlog.
The Overseas Private Investment Corporation (OPIC) has committed $2.4bn to date to the US Power Africa initiative to harness the resources of the private sector to bring more electricity to Africa.