The OPEC Fund for International Development has supported Africa Finance Corporation (AFC) with a $50m loan to help finance and build infrastructure needed for Africa’s post-Covid recovery.
Finnfund and Norfund have increased their senior debt facility from $10m to $20m to Starsight, a C&I solar player in West Africa.
CDC Group, the UK’s development finance institution and impact investor, has announced a $100m debt commitment to the Eastern and Southern African Trade and Development Bank (TDB).
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa.
CDC Group, the UK's impact investor and development finance institution (DFI), has announced a commitment to invest over $1bn again in African businesses in 2021.
The Investment Fund for Developing Countries (IFU), the Danish development finance institution, has led a Series B investment round of $38m in Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa.
FMO and the International Finance Corporation (IFC) have approved $20m in commitments to Ascent Capital's sophomore fund.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Global Logistics Services(GLS) have signed an Engineering, Procurement and Construction (EPC) contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility (LISF) project. InfraCo Africa will be the majority shareholder in the project which will develop Liberia’s first open-access commercial warehousing facility and operations.
Africa Finance Corporation (AFC), an investment grade multilateral finance institution, has secured a $250m tier-2 capital loan from US International Development Finance Corporation (DFC).
African Development Bank has approved a $7m grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry.
FSD Africa Investments (FSDAi), the investment arm of the UK aid-funded financial inclusion organisation FSD Africa, has announced a $4.5m commitment to Funds set up by Lendable.
Swedfund has announced an additional $10m investment in African Development Partners (ADP) III to further support the development of the private sector in Africa.
Capria Ventures, a Seattle-based global investment fund-of-funds, has invested in Global Ventures, a UAE-based venture capital firm that provides capital and value creation for start-ups in the Middle East and Africa (MEA).
MASSIF, the financial inclusion fund managed by FMO on behalf of the Dutch government, has made a follow-on investment of €0.25m in WIC Capital.
