British International Investment (BII), the UK’s development finance institution and impact investor, and Alexforbes Investments (Alexforbes), South Africa’s largest multimanager, have each committed R500m to the Revego Africa Energy Fund.
Canada’s bilateral Development Finance Institution, FinDev Canada, has announced a $15m loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF, a 7-year global-focused debt fund with a target size of $250m.
FSD Africa Investments (FSDAi), a UK-backed specialist financial sector investor, has announced a $7.5m investment in the Ci-Gaba (Progress) Fund, a Ghanaian-domiciled fund of funds designed to mobilise pension capital into private equity and private debt investments across Ghana and West Africa.
The European Investment Bank (EIB), through its development arm – EIB Global, has agreed to invest $37.5m in Alta Semper Fund II to support the growth of pharmaceutical and healthcare companies across Africa, including medical equipment and technologies.
DEG is providing South Africa’s FirstRand Bank with a syndicated loan of $300m to finance investments in renewable energies and to support German companies.
British International Investment (BII), the UK’s development finance institution and impact investor, has committed $37m to the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt.
IFC, a member of the World Bank Group, has announced an investment of up to €25m (XOF 16,4bn) in Groupe EDK, a Senegalese conglomerate and the country’s only significant local player in modern grocery retail.
Canada’s bilateral Development Finance Institution, FinDev Canada, has announced a $20m commitment to Ninety One’s Africa Credit Opportunities Fund III (ACO3) , a private credit fund providing financing to enterprises and infrastructure projects across Africa and other emerging markets.
The African Development Bank’s Board of Directors has approved a $10m loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10bn and with the potential to position Namibia as a pioneer in the global green hydrogen economy.
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a $20m loan facility to First National Bank Ghana (FNBG).
International Finance Corporation (IFC), a member of the World Bank Group, has invested $20m (approximately R350m) in Summit Private Equity Fund II (SPEF II).
The Public Investment Corporation (PIC), which manages just over 3.5 trillion Rand ($ 204bn) in AUM, has invested $30m into Enko’s private credit fund.
The African Development Bank Group has granted a $100m loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by the investment firm Ninety One.
African Development Bank Group has approved a $310m financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group and one of the largest financial institutions in Africa.
