CDC Group has announced a $50m trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Joint Development Agreement (JDA) with Cardano Development (CD), committing up to $1m to the development of a credit enhancement facility in Kenya.
Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a €165m project finance deal and €13m grant to secure the financing of Biovea project in Ivory Coast.
AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo.
Vista Bank Group has closed the deal to acquire BNP Paribas’ majority interest in La Banque Internationale pour le Commerce l’Industrie et l’Agriculture du Burkina (BICIAB) in Burkina Faso.
The 2X Challenge, founded by the Development Finance Institutions of the G7 nations, has announced that it would raise at least $15bn for gender-lens investment by the end of 2022 after surpassing its original target by 100%.
CDC Group has provided a $50m risk-sharing facility to Absa Bank to support lending to MSMEs and households through microfinance institutions (MFIs) and non-bank financial institutions (NBFIs) in Africa.
IFC has invested R150m ($10m) in Eris’s South African Student Accommodation Impact Investments Proprietary platform, a new investment platform managed by Eris Property Group.
Proparco has invested $10m in d.light, an innovator of solar energy products, to enable the expansion of the company’s solar and Pay-Go consumer finance business in Africa.
The Development Bank of Austria, OeEB and European Investment Bank (EIB) have launched a €100m African private sector COVID-19 resilience investment initiative.
US International Development Finance Corporation (DFC) has announced the first disbursement of a $5m direct loan to Africa Healthcare Network (AHN), the largest operator of dialysis centers in East Africa.
The Sovereign Fund of Egypt (TSFE) and EFG Hermes have agreed to acquire 76% of the capital of Arab Investment Bank (AIB).
DFC and FMO have launched the $75m DFC-MASSIF COVID-19 Response Co-Financing Facility, which seeks to bring liquidity to financial intermediaries to support MSMEs impacted by the COVID-19 crisis and promote new investment to support economic sustainability in developing countries.
MFS Africa, a pan-African fintech company, operating the largest digital payments hub on the continent, had provided seed investment of $3m to Maviance, a Cameroon-based fintech provider.
