Kenyan pension funds, commercial banks and insurance companies have a projected capital availability of KES 4.45trn ($44.5m) available over the next decade for infrastructure projects in the energy sector.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders Agreement (SHA) with local developer Tora Holding (Tora).
Agence Française de Développement (AFD) has announced a credit investment agreement with HEVA Fund to advance credit and technical assistance for creative industries in Kenya.
IFC has announced a $60m investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries, facilitating growth and job creation in the region.
Allianz Group, one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers, has signed an agreement to acquire 8% in Africa’s reinsurer Africa Re.
MIGA, a member of the World Bank Group, has issued guarantees amounting to $71.9m in support of the construction, operation and maintenance of a float glass plant in Nigeria.
Swedfund has invested $10m in TLG Credit Opportunities Fund (COF) to enable small and medium-sized enterprises in Sub-Saharan Africa to access growth capital and thereby expand their operations.
Proparco has acquired an equity stake worth €5.9m in Enda Tamweel, a microfinance institution in Tunisia.
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.