Black-owned and -led businesses across five African markets face a combined financing gap of $209 billion, according to a new report by British International Investment (BII) and Swedfund.
Finance Earth, FSD Africa and FSD Africa Investments (FSDAi) have partnered to launch the Africa Nature Impact Fund, targeting $100 million to finance early-stage nature conservation and nature-based carbon projects across Africa.
The Energy and Environment Partnership Trust Fund (EEP Africa) has awarded a €1 million grant to Solarise Africa to support the expansion of its renewable energy leasing operations in Uganda and Zambia.
Pathway Advisors has arranged a 10 billion Naira Series 1 Commercial Paper issuance for Nigerian real estate company MKH Properties under the company’s newly registered 30 billion Naira Commercial Paper Programme.
The Private Infrastructure Development Group (PIDG), through its equity investment solution InfraCo, has led a $26 million Series B investment in agritech platform East Africa Foods (EAF) as part of a broader $40 million capital raise.
Absa has invested in Lendable’s $255 million MSME Fintech Credit Fund 2 (LMFCF2), becoming the first African bank to participate in the emerging markets private credit strategy.
British International Investment (BII) has committed $65 million across Zambia and Zimbabwe as the UK development finance institution rolls out its new five-year strategy in the two frontier markets.
A.P. Moller Capital has agreed to sell Nigerian compressed natural gas business Powergas to a consortium led by Ardova Plc and including Diadem Energy, marking an exit for its Africa Infrastructure Fund I.
The European Bank for Reconstruction and Development (EBRD) has provided a $40 million four-year term loan to EFG Holding to expand financing for micro, small and medium-sized enterprises (MSMEs) in Egypt.
African Export-Import Bank (Afreximbank) and the Development Bank of Southern Africa (DBSA) have signed a Joint Project Preparation Facility Framework Agreement to develop a pipeline of bankable infrastructure and industrial projects across South Africa and the wider Southern African region.
