CDC Group, the UK’s development finance institution and impact investor, has announced a $100m additional commitment to its existing trade risk sharing facility with SMBC Bank International (SMBC BI).
The AfricaGrow fund of funds (FoF), launched by Allianz Global Investors, has committed €15m to the Cathay AfricInvest Innovation Fund (CAIF), managed by AfricInvest.
Norfund, Norway’s development finance institution, has sold all the shares in SN Power to Norwegian energy developer Scatec Solar for $1.17bn.
AXIAN has committed an undisclosed amount to the African Development Partners III (ADP III) investment fund managed by Development Partners International (DPI).
Swedfund, the Swedish Development finance institution, has invested $1m in Kasha Global, a female technology e-commerce platform with subsidiaries in Rwanda and Kenya.
CDC Group, the UK’s development finance institution, has invested an additional $40m in Liquid Telecom, Africa’s largest independent fibre, data centre and cloud technology provider.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Africa GreenCo Group (GreenCo) to progress an innovative approach to building Zambia’s renewable energy capacity.
Citi, a global bank, has provided KES 285m term loan to 4G Capital, a neobank for Africa, that will reach more than 25,000 micro-enterprises.
Acumen and FMO have led a $3m Series A Equity round in Easy Solar, a solar company in West Africa.
CDC Group has signed a memorandum of understanding with the Nigeria Sovereign Investment Authority (NSIA) to facilitate long-term inclusive growth and encourage private capital to scale up their participation in high-impact sectors of the Nigerian economy.
Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector.
The OPEC Fund for International Development has signed a $20m term loan to East African Development Bank (EADB), an important regional development institution for delivering key development objectives across the East Africa region.
Africa Finance Corporation has issued its inaugural CHF150m Reg S senior unsecured benchmark Green Bond under the Corporation’s $5bn Global Medium-Term Note (GMTN) programme, maturing in 2025.
US International Development Finance Corporation DFC has invested $35m in Lumos, Africa’s solar home system provider, to expand its existing market for reliable, accessible and clean solar power in Nigeria.