BII to Invest €15m in MC IV Fund
British International Investment (BII), UK’s development finance institution and impact investor, has committed €15m in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
British International Investment (BII), UK’s development finance institution and impact investor, has committed €15m in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $26.5m to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers.
IFC has announced a $50m equity investment in LeapFrog Emerging Consumer Fund IV LP, a new fund by LeapFrog Investments, one of the largest private equity groups dedicated to impact investing in emerging markets.
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.