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.
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.
