CDC is planning to increase venture capital investment in early stage, technology-based businesses that have the potential to play vital roles in the fight against climate change.
Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a $75m equivalent KES denominated sustainable finance facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions.
Finnfund and the University of Helsinki in the first co-investment participation financing have provided a €10m debt facility to the Advans Group, a microfinance group serving over one million clients in Africa and Asia.
The African Development Bank Group has approved $350,000 in grant funding for technical assistance to consolidate Cabo Verde’s capital markets strategy and increase the liquidity of its fixed income markets.
CDC Group has partnered with DP World to accelerate Africa’s trade potential through supporting the modernisation and expansion of ports and inland logistics across Africa.
CDC Group has committed $100m to African Development Partners III, a fund advised by Development Partners International DPI.
MIGA, a member of the World Bank Group, has issued a €4.5m guarantee to GreenYellow that will cover its equity and quasi-equity investments into Société de Production d’Energie Solaire de Ouagadougou SAS (SPES Ouagadougou) in Burkina Faso for a period of up to 20 years.
Capria Ventures and its affiliated network of funds have invested $92.1m in early-stage startups spread across 56 countries as of December 2020, according to its annual impact report.
DFC, FSD Africa Investments and EDFI-ElectriFI have invested $23m in Nithio FI, an energy financing platform powered by a proprietary AI-enabled risk analytics engine.
CDC Group has committed $50.9m in the African ICT sector, helping to boost development of necessary infrastructure and providing rural and underserved communities with access to affordable mobile connectivity.
CDC Group under its African Private Credit Fund Strategy has committed $30m to Vantage Mezzanine Fund IV and $30m to BluePeak Private Capital Fund I.
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced its commitment to Vuna Partners Fund I (Vuna Fund I).
Dutch-based entrepreneurial development bank FMO has invested a further $10m in REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa.
CDC Group has committed $36m to Divercity Urban Property Fund (Divercity), an affordable housing platform focused on the regeneration of South African cities.
