IFC has announced an equity investment of $25m in Metier Capital Growth Fund III (MCGF III) as well as a co-investment envelope of $15m to invest alongside the fund in select companies.
IFC, Proparco, and MIGA have invested $49.5m in Kasada Hospitality Fund, which will be used to refurbish, modernize, and expand the former Crowne Plaza in Nairobi’s Upper Hill, a business district that hosts embassies, international organizations, and the headquarters of some of East Africa’s largest corporations.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $10m commitment to the SDG Outcomes Fund as an anchor investor alongside the US International Development Finance Corporation (DFC).
The Norwegian Investment Fund for Developing Countries (Norfund) has invested $10.5m in Miniplast Ghana to support its expansion plans across its manufacturing and recycling segments.
The African Development Bank Group has approved an $11m equity investment in BluePeak Private Capital Fund toward its $155 million target for final close.
The Private Infrastructure Development Group (PIDG) has joined forces with the University of Exeter and researchers across Africa to ensure that major new investments in Africa effectively tackle climate change and support communities to seize the opportunities ahead in the global green economy.
IFC has agreed to invest up to $13m in the senior equity tranche in the Africa Conservation and Communities Tourism Fund (ACCT Fund).
FSD Africa Investments (FSDAi) has invested £1m in Africa Climate Ventures (ACV), a pioneering venture builder working to build a $45m portfolio.
IFC has invested in Shanghai Fosun Pharmaceutical to help the company build a pharmaceuticals production facility and distribution hub in Côte d'Ivoire.
The African Development Bank Group has approved an equity investment of $20m in the Africa50 Infrastructure Acceleration Fund I, a pan-African infrastructure private equity fund.
Standard Bank has partnered with DP World, a global provider of supply chain solutions, to jointly offer trade finance solutions.
EIB Global, the development arm of the European Investment Bank, provided more than €4.2bn for public and private investment across Africa in 2022, representing about 39% share of the total financing outside Europe.
The Minerals Income Investment Fund (MIIF) has agreed to commit GHS25m to the Injaro Ghana Venture Capital Fund (IGVCF) which is managed by Injaro Investment Advisors (IIA).
Swedfund has invested $30m in the Mirova Gigaton Fund, a blended finance debt fund to accelerate the clean energy transition in emerging countries in Africa and Asia Pacific predominantly, as well as Latin America and the Middle East.
