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.
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.
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 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.
