The Investment Fund for Developing Countries (IFU), the Danish development finance institution, has led a Series B investment round of $38m in Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa.
FMO and the International Finance Corporation (IFC) have approved $20m in commitments to Ascent Capital's sophomore fund.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Global Logistics Services(GLS) have signed an Engineering, Procurement and Construction (EPC) contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility (LISF) project. InfraCo Africa will be the majority shareholder in the project which will develop Liberia’s first open-access commercial warehousing facility and operations.
Africa Finance Corporation (AFC), an investment grade multilateral finance institution, has secured a $250m tier-2 capital loan from US International Development Finance Corporation (DFC).
African Development Bank has approved a $7m grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry.
FSD Africa Investments (FSDAi), the investment arm of the UK aid-funded financial inclusion organisation FSD Africa, has announced a $4.5m commitment to Funds set up by Lendable.
Swedfund has announced an additional $10m investment in African Development Partners (ADP) III to further support the development of the private sector in Africa.
Capria Ventures, a Seattle-based global investment fund-of-funds, has invested in Global Ventures, a UAE-based venture capital firm that provides capital and value creation for start-ups in the Middle East and Africa (MEA).
MASSIF, the financial inclusion fund managed by FMO on behalf of the Dutch government, has made a follow-on investment of €0.25m in WIC Capital.
Swiss impact private asset manager Obviam has agreed to partner with Asteria Investment Managers, a recently launched impact investing firm controlled by REYL & Cie (REYL).
African Development Bank via its Sustainable Energy Fund for Africa (SEFA) has approved a $5m investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
CDC Group, the UK’s development finance institution and impact investor, has committed an additional $100m commitment to its existing master risk participation agreement with Standard Chartered.
The COVID-19 emergency facility set by the EU and FMO’s NASIRA fund has provided a 7-year $35m guarantee to the South African Bank Sasfin.
CDC Group, the UK’s development finance institution and impact investor, has announced a $100m additional commitment to its existing trade risk sharing facility with SMBC Bank International (SMBC BI).
