The European Bank for Reconstruction and Development (EBRD), a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents, will be investing up to €30m in the new Mediterrania Capital Partners’s MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
Turaco, Africa’s tech-enabled affordable insurance company, has acquired a microinsurance company, MicroEnsure Ghana from MIC Global.
The African Development Fund, the African Development Bank Group’s concessional lending window, has approved a $19.98m grant to finance the implementation of Mozambique’s Economic Acceleration and Governance Support Programme.
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced investments totalling $19.5m in Acre Impact Capital’s Export Finance Fund I, Catalyst Fund and Camco’s Spark Energy Services.
British International Investment (BII) and FMO have announced their joint commitments of up to $20m each to Dashen Bank (Dashen), one of Ethiopia's largest private sector banks.
Bank of America has completed a first of its kind debt-for-nature transaction in Continental Africa to refinance $500m of sovereign debt of the Gabonese Republic.
IFC has announced an equity investment of $25m in Metier Capital Growth Fund III (MCGF III) as well as a co-investment envelope of $15m to invest alongside the fund in select companies.
IFC, Proparco, and MIGA have invested $49.5m in Kasada Hospitality Fund, which will be used to refurbish, modernize, and expand the former Crowne Plaza in Nairobi’s Upper Hill, a business district that hosts embassies, international organizations, and the headquarters of some of East Africa’s largest corporations.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $10m commitment to the SDG Outcomes Fund as an anchor investor alongside the US International Development Finance Corporation (DFC).
The Norwegian Investment Fund for Developing Countries (Norfund) has invested $10.5m in Miniplast Ghana to support its expansion plans across its manufacturing and recycling segments.
The African Development Bank Group has approved an $11m equity investment in BluePeak Private Capital Fund toward its $155 million target for final close.
The Private Infrastructure Development Group (PIDG) has joined forces with the University of Exeter and researchers across Africa to ensure that major new investments in Africa effectively tackle climate change and support communities to seize the opportunities ahead in the global green economy.
IFC has agreed to invest up to $13m in the senior equity tranche in the Africa Conservation and Communities Tourism Fund (ACCT Fund).
FSD Africa Investments (FSDAi) has invested £1m in Africa Climate Ventures (ACV), a pioneering venture builder working to build a $45m portfolio.