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.
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 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.
The Saham Group and Tana Africa Capital have exited its 100% stake in Flipper International School in Addis Ababa, Ethiopia to the ADvTECH Group (ADvTECH).
Stears, a financial data and software company focused on African markets, has released its Private Capital in Africa Report: Q3 2024, revealing a notable trend in single-country investments as private capital continues to drive investment activity on the continent.
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a $30m risk-sharing and blended local currency co-financing facility to InfraCredit, a specialised infrastructure credit guarantee institution, to support clean energy transition in Nigeria.
Sanari Capital has announced a R87.5m ($5m) investment in Energenic Holdings, a holding company for a group of businesses in the energy solutions space.
The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank FMO acting as co-mandated lead arrangers, alongside DEG, have announced a €84m investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the southern Senegalese region of Kolda.
Mergence Investment Managers (Lesotho) has acquired the remaining 51% of the shares in Sanlei Premium Trout, an integrated aquaculture producer of Africa’s largest sushi-grade trout.
GuarantCo, a Private Infrastructure Development Group (PIDG) company, has strengthened its Investment team with the appointment of Dave Chalila as Head of sub-Saharan Africa. In this new role, Dave will be responsible for the growth and management of a portfolio of sustainable infrastructure projects in lower income countries across the region. He will be based in PIDG’s Nairobi office.
Phatisa, through Phatisa Food Fund 2, Masimong through Masimong Chemicals and Sabvest through Sabvest Finance and Guarantee Corporation have agreed to sell their collective 100% interest in Rolfes Holdings, a South African based food ingredients and diversified chemicals provider to Solevo. a pan-African speciality chemicals distributor.
Pan-African venture capital firm Janngo Capital, one of the very few female-founded, owned and led venture capital firms in Africa, has announced the final closing of its second fund at $78m, 20% beyond its initial target.
Ninety One, a global investment manager with $162bn assets under management, has launched a Sovereign Biodiversity Index, which provides a quantitative way for investors to assess nature and biodiversity risks at the national level.
