The Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, has made a $40m investment in Africa50 Group, a pan-African infrastructure investor and asset manager, becoming its 36th shareholder.
Norfund has announced a $7.5m investment in Inside Equity Fund II, a private equity fund dedicated to supporting small and medium-sized enterprises in some of the most underfinanced and least developed markets in Southeast Africa.
DEG has increased its stake in the latest fund Mediterrania Capital IV Mid-Cap by a further €15m, bringing the total amount invested to €25m.
African Development Bank Group's President Dr. Akinwumi Adesina has announced plans to launch a $500m facility designed to unlock $10bn in financing for smallholder farmers and small agribusiness enterprises across Africa.
The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) in financing a $750m Infrastructure Climate Resilient Fund (ICRF).
Finnfund has made a €2m follow-on investment in Fibertime Group enabling the company to expand its provision of fiber internet access to under privileged communities in South Africa.
The European Investment Bank (EIB Global) has announced a $75m investment in Helios Investors V.
British International Investment (BII), the UK’s development finance institution and impact investor, alongside Swedfund and Norfund, have announced a joint $85m investment in AgDevCo, a specialist investor transforming agriculture across sub-Saharan Africa.
Acumen has invested in Wami Agro, a Ghana-based agritech company dedicated to transforming the agricultural landscape in West Africa.
Standard Chartered, an international cross-border bank, and GuarantCo, part of the Private Infrastructure Development Group (PIDG), have signed a $50m standby liquidity facility.
Proparco has announced a €10m investment in the latest fund dedicated to small and medium-sized enterprises (SMEs) from AfricInvest, a long-standing partner and major player in impact investing in Africa.
DEG has provided South African online insurance platform Naked Insurance with $4m in equity capital.
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.
