Bank of America has deployed $5m into the Agri-Business Capital Fund (ABC Fund), a blended-finance impact fund investing in smallholder farmers and small-to-medium sized rural agribusinesses in developing countries to support sustainable and inclusive agricultural value chains.
The African Development Bank has signed a grant agreement for an amount of $400,000 with the Dépositaire Central/Banque de Règlement of the West African Monetary Union (WAMU) to modernize the regional financial market infrastructure.
CDC Group, Norfund and DFC have invested $90m in AgDevCo, a specialist investor in early-stage African agribusinesses.
CDC Group has announced a $100m finance facility to First Bank of Nigeria.
Germany’s development finance institution, DEG has committed $20m to Convergence Partners Digital Infrastructure Fund (CPDIF) and $21m to Vantage Capital’s fourth mezzanine fund
DEG has invested $7.5m in Copia Global, an e-commerce company in East Africa.
Africa Finance Corporation has raised $400m in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure.
FMO has approved a €5m investment in Fin'Elle, a subsidiary of the COFINA Group dedicated to supporting women entrepreneurs in Côte d'Ivoire and offering adapted and accessible financial services.
The African Development Bank Group has approved an equity investment pool of €10.5m toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund.
MIGA, a member of the World Bank Group, has issued a Master Contract to Kasada Hospitality Fund that will provide guarantees up to $270m of the fund’s equity investments aiming to lead the redevelopment and construction of hotels in Sub-Saharan African countries.
Africa Finance Corporation (AFC) has approved a $200m corporate facility for BUA Industries, a member of the BUA Group (BUA), to complete its vertically integrated sugar facility in Lafiagi, Kwara State, Nigeria.
CDC Group has announced a new strategy, aiming to invest between £1.5bn and £2bn ($2bn and $2.66bn) per annum in the next five years, setting a new ambition for scale in Africa, digital transformation, and innovation.
Opportunity International and Oikocredit have announced an innovative, 3-year collaboration to increase access to and quality of education in low-income countries through the investment of up to $100m in financial institutions, which are benefiting from Opportunity International’s EduFinance program, reaching an estimated 1.6 million children.
CDC Group, Finnfund, Norfund and New Forests, a global investment manager focusing on sustainable landscapes, have announced an intention to partner to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa.
