The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group, and BSIC Niger have entered into an agreement to finance SMEs in Niger.
Finnfund, a Finnish development finance company, has invested $6m in Jumo, a financial services platform providing mobile financial services in emerging markets.
KfW, the German Development Bank, and the African Trade Insurance Agency (ATI) have launched a new instrument to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale (up to 50 MW) green power renewable energy projects.
Capria, a global investment firm advancing the next generation of local impact fund managers in emerging markets, has agreed to invest in Lateral Capital, a fund manager, operating in Africa, who has joined Capria Network.
The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa's infrastructure development finance institution. Benin joins the list of Francophone African States that are currently AFC member countries, which includes Chad, Cote d'Ivoire, Djibouti, Gabon, Guinea-Bissau, and Guinea-Conakry. This development augurs well for the peaceful coastal nation, which serves as an economic gateway to several other West African economies.
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.