International Enterprise (IE) Singapore has signed a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC), a member of the World Bank Group, to help more Singapore companies access in-depth market insights and financing opportunities in emerging markets of Africa, Southeast Asia and South Asia.
IFC-led syndicate has provided a landmark $653m debt package that will finance the construction of 13 solar power plants near the Egyptian city of Aswan.
Shell Foundation and FMO have agreed to cooperate in the fields of access to energy in Sub-Saharan Africa and India, and investment in financial institutions with specific goals to increase access to finance, reduce inequality and promote green financing and agribusiness.
The European Investment Bank (EIB) has backed the $100m Cepheus Growth Capital Fund, an Ethiopia-focused fund, with $10m participation.
A US-based investment product linked to Africa’s higher yielding emerging markets presents a powerful proposition to global investors looking to access African yield, according to Standard Bank.
Zambia has become the first Southern African member country of Africa Finance Corporation (AFC), a development finance institution for infrastructure in Africa.
South Africa-based Stanbic Bank has led a $55m local currency equivalent debt facility and has committed $9m to M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes.
Africa Finance Corporation (AFC) has signed an Accreditation Master Agreement (AMA) with the Green Climate Fund (GCF) in Seoul, South Korea.
The UK’s development finance institution, CDC Group is in search of compelling new long-term investment opportunities, prioritising the Francophone West Africa region.
FMO has agreed to provide a long-term loan of $10m to the African Local Currency Bond Fund (ALCB Fund).
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.