CDC Group, the UK’s development finance institution, has invested $40m in Africa Capitalworks (ACW), an investment company that will provide permanent equity capital to growing mid-market companies across sub-Saharan Africa.
Rx Healthcare Fund has announced that GE Healthcare, a global provider of transformational medical technologies and services, is set to become an anchor limited partner in Rx.
FMO has underwritten a $39m senior debt for the financing of the 16MW Rand 6MW Nyamagasani 1 and 2 run-of-the-river hydropower projects in Uganda.
The European Investment Bank (EIB) has agreed to invest $15m in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies in Egypt.
The African Development Bank (AfDB) has approved a €15m equity investment in the Mediterrania Capital Fund III (MC III), a private equity fund managed by Mediterrania Capital Partners (MCP).
The International Finance Corporation (IFC), the investment arm of the World Bank, has announced its intention to acquire a significant stake in Britam Holdings.
The Dutch Development Bank FMO has invested €200k in the Technical Assistance Facility of the SANAD Fund for MSME.
CDC Group, the UK’s development finance institution, has invested $20m in Solon Capital Holdings, an investment holding company based in Sierra Leone.
Norfund has made a $2.75m (23.3m NOK) loan commitment to Afrisphere Worldwide, who trades as Nyama World with fully integrated beef production company in Malawi.
IFC has approved an investment of $635m that will help construct, operate and maintain up to 11 solar power plants in Egypt.
Absa Bank, a subsidiary of the Barclays Africa Group (BAGL), has concluded a 5-year $100m special facility agreement with the China Development Bank (CDB).
The Emerging Africa Infrastructure Fund (EAIF) and FMO, the Dutch development bank, have jointly provided a $29.3m of senior debt with a 12-year term to refinance the 13MW Bugoye hydro-electric power plant in Western Uganda.
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has provided a $28m subordinated loan facility for the development of Topic SA's (Topic) Halk El Menzel offshore oil concession block (The Helm Project) in Northern Tunisia.
IFC has announced a loan of up to R2.6bn ($200m) to FirstRand, in a transaction that launches a broader program aimed at expanding SME lending and strengthen support for small and medium enterprises by the formal banking sector.