Futuregrowth Asset Management has announced a R150m investment into Sourcefin, a South African fintech and alternative funding provider dedicated to providing access to finance and specialist supply chain support for small and medium-sized enterprises (SMMEs).
The Grameen Crédit Agricole Foundation, Beyond Finance, and FosterImpact have collaboratively launched the Women Empowerment for Climate Fund, aiming to raise $100m.
Africa Finance Corporation (AFC), an infrastructure solutions provider, has successfully priced a $500m perpetual hybrid bond.
The OPEC Fund for International Development has co-financed Africa’s largest onshore wind power project, contributing $30m to the construction of two 550 MW wind farms with a total capacity of a 1.1 GW in Egypt’s Gulf of Suez region.
Novastar Ventures has invested in Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide.
Norfund, the Norwegian development finance institution, has invested NOK 235m ($20.6m) in the Urban Resilience Fund (TURF), which focuses on sustainable urban infrastructure in rapidly growing cities.
Bowmans has welcomed most of the former members of A&O Shearman South Africa (AOS) to its Cape Town and Johannesburg offices.
FMO has agreed to invest in Camco REPP 2 SCSp, a newly created fund providing debt and hybrid instruments to renewable energy projects and companies in Sub-Saharan Africa, focusing on least developed countries (LDCs).
Côte d’Ivoire has joined the European Bank for Reconstruction and Development (EBRD), becoming its 76th shareholder.
ODDO BHF, a Franco-German financial group, has joined Proparco’s Trade Finance Guarantee Program as a confirming bank, strengthening its role in international trade finance, especially in Africa.
African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region.
The African Development Bank Group has approved a $10m concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region.
Schroders Capital and BlueOrchard have invested $5m through the Green Earth Impact Fund (GEIF) into the African Infrastructure Investment Fund 4 (AIIF4), a growth-oriented infrastructure fund contributing towards climate change mitigation and climate change adaptation across Africa.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has brought a 20 MW solar photovoltaic (PV) plant in north-western Uganda to financial close, investing c. $18m in the project.
Sanari Capital, a women-led and majority Black-owned South African private equity firm, has raised c.R1.5bn ($80m) for the Sanari 3S Growth Fund, a portfolio with significant transformative potential across Africa.
The Stock Exchange of Mauritius (SEM) has launched SEMX, a dedicated segment on the Official Market for high-growth companies.
AFRIGREEN Debt Impact Fund, an investment fund focused on sustainable energy solutions, has entered into a $15m debt facility with several project companies owned by Watt Renewable Corporation, an independently-owned provider of hybrid solar solutions in Nigeria.
Africa50, a pan-African infrastructure investor and asset manager, has made a $15m investment in Raya Data Center (RDC), a data center in Egypt.
The Development Bank of Southern Africa (DBSA) and AXIAN Group have signed an agreement to invest in the Africa50 Infrastructure Acceleration Fund (IAF).
GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor, expect to unlock $500m of new renewable power development through a groundbreaking deal with Etana Energy, the South African energy trading company.
The OPEC Fund for International Development (the OPEC Fund) has signed a $40m loan as part of a $394m sustainability-linked loan for ETC Group (ETG), one of Africa’s largest agricultural commodity supply chain managers.
Mashreq, a financial institutions in the MENA region, has announced a $50m trade finance partnership with British International Investment (BII), the UK’s development finance institution and impact investor – to boost cross-border trade finance in key emerging markets across South Asia and Africa.
